Toyota hikes annual profit forecast after Q3 beats expectations
Tue, Feb 6, 2024 1:30 PM

Toyota hikes annual profit forecast after Q3 beats expectations

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Toyota Motor raised its full-year operating profit forecast by nearly 9 percent on Tuesday, after higher sales volumes and a weaker yen boosted its third-quarter results. The world’s top-selling automaker raised its profit forecast for the current year to 4.9 trillion yen ($32.99 billion), versus 4.5 trillion expected previously. The higher target contrasts with downbeat outlook provided.

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