TOKYO -- Shares in Toyota Motor Corp. hit a record high on Friday, Feb. 17. The company's market value exceeds $200 billion - more than that of retail giant Wal-Mart Stores Inc., Reuters reported.
Toyota is the world's ninth-most-valuable company. It now is worth more than twice the combined value of General Motors, Ford Motor Co. and DaimlerChrysler AG.
This month, Toyota posted a 14 percent jump in operating profit for the fourth quarter of 2005.
Robust North American demand, big cost cuts and a weaker yen helped Toyota absorb the cost of expanding its global manufacturing facilities.