Toyota Motor Corp raised its operating profit forecast for the financial year by 9 percent to a record 2.4 trillion yen ($23.7 billion) as the yen, which has fallen against the dollar by some 9 percent this financial year, buoys profits of the export-oriented car maker. For the October-December third quarter, Toyota posted 600.5 billion yen in operating profit, above the average estimate of 575.9 billion yen and nearly five times what it posted a year ago. Toyota kept its crown as the world's best-selling auto maker for two years in a row in 2013, beating rivals General Motors (GM) and Volkswagen AG (VOW3.DE) after having sold 9.98 million vehicles together with group companies Daihatsu Motor Co and Hino Motors Ltd . Shares in Toyota have jumped around 20 percent since the start of April 2013, when the financial year began, roughly in line with the benchmark Nikkei average's (NIK:^9452) performance.
via Business News - Yahoo Finance http://ift.tt/1kJzdRR
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