Toyota on Cusp of Record Profits After Years of Crisis
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Toyota Motor Corp. President Akio Toyoda has put the company his grandfather founded on the road to record earnings after years of battling one crisis after another. The shares gained the most in almost eight months.
The carmaker climbed 6 percent, the most since June 10, adding 1.14 trillion yen ($11 billion) in market value as of the close in Tokyo trading. Toyota yesterday reported profit quintupled last quarter and raised its forecast for the year ending March 31 to an unprecedented 1.9 trillion yen.