Toyota Forecasts Profit Will Rise to Highest in Six Years
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Toyota Motor Corp., the world’s biggest carmaker, forecast profit and sales will climb to the highest in six years as the weakening yen gives it an edge over General Motors Co. and Volkswagen AG.
Net income will probably increase 42 percent to 1.37 trillion yen ($14 billion) in the year ending March 2014, the Toyota City, Japan-based automaker said in a statement today. Toyota shares rose in German trading.