EVsFortuneabout 3 hours ago
Toyota profit nearly doubles on weak yen
3 min read
Toyota's fiscal first-quarter net profit nearly doubled to 1.48 trillion yen ($9.4 billion) as a cheap yen boosted overseas earnings. Sales rose 10% to 13.5 trillion yen ($85 billion), despite global vehicle sales dipping to 2.39 million units. The yen's fall added 345 billion yen to operating profit.
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