: Toyota’s profits surge as weak Japanese yen bolsters carmaker’s revenues

by | Nov 1, 2023 | Stock Market

Toyota Motor Corporation on Wednesday outstripped analysts’ expectations after profit surged in three-months ending in September, as it lifted its profit forecasts by more than 50%. The world’s top carmaker told investors it generated revenues worth  ¥11.43 trillion ($75.6 billion) in its fiscal second quarter, as it benefited from favorable exchange rates and sold more vehicles in all regions worldwide. Toyota’s…

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