Toyota Profit Surges and Lifts Annual Outlook
Toyota reported its first profit gain in six quarters and raised its annual outlook by 15 percent. Robust demand for hybrid vehicles and a weaker yen helped offset sales declines in China and the Middle East.
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TOYOTA MOTOR CORP booked its first profit gain in six quarters, posting a 34% income climb and raising its annual operating profit forecast by 15% to 3.9 trillion yen ($24.6B).
