The U.S. auto industry in April rebounded sharply from a bitter and extended winter, with four of the top six automakers reporting year-to-year gains in sales on Thursday.Tapping consumer demand that began to ramp up in late March, Chrysler Group LLC, Toyota Motor Corp and Nissan Motor Co all topped analysts' expectations as they reported double-digit sales increases. General Motors Co also beat the consensus sales forecast, with a more modest 7.0 percent uptick.Ford Motor Co missed expectations, as its April sales fell 1.0 percent to 211,126."Sales momentum from March rolled into April, pushing the industry to its best back-to-back monthly sales pace since the fall of 2007," said Bill Fay, general manager of Toyota brand.
TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business. Shares of TM traded higher by 1.14% or $1.24/share to $109.66. In the past year, the shares have traded as low as $103.38 and as high as $134.94. On average, 471090 shares of TM exchange hands on a given day and today's volume is recorded at 155449.
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