The growing gap in profitability among the world's automakers is becoming more apparent, as seen in the contrasting fortunes of Toyota Motor Corp., whose sales have been growing strongly, and ailing U.S. giant General Motors Corp., which is struggling to stem a tide of red ink.
Toyota is set to pass GM as the world's largest automaker this year. Honda Motor Co. is also enjoying brisk sales overseas.
But although Japanese automakers are basking in the glow of their strong performance, they are well aware they must keep their eye on industry trends or they could find their rivals closing the gap.