Toyota Surges on Raised Profit Outlook, U.S. Government Report
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Toyota Motor Corp. rose to the highest in nine months in Tokyo trading after a U.S. government report found no link between electronics in the company’s vehicles and sudden acceleration incidents and the carmaker raised its profit outlook.
The stock gained as much as 5 percent and changed hands for 3,660 yen, the highest since April, as of 9:52 a.m. Toyota was the biggest gainer on the Nikkei 225 Stock Average and the MSCI Asia Pacific Index.