Date
24 October 2017

Toyota sees record profit amid improved China sales, Xinhua says

Toyota Motor Corp. on Tuesday raised its operating profit forecast for the current fiscal year to March to a record 2.4 trillion yen (US$23.66 billion), thanks to improved sales in North America and China, Xinhua news agency reported Wednesday. Net profit for the year is expected to surge 97.5 percent year on year to 1.9 trillion yen, also marking a historical high, it said. The Japanese firm will become the first manufacturer to notch production of over 10 million cars in a year, the report said.

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