Toyota lifts full-year profit forecast on weaker yen


Toyota has allegedly agreed to install Android Auto in its vehicles. — AFP Relaxnews

TOKYO: Toyota Motor Corp raised its forecast for full-year operating profit by 4.3% as it expects a boost from a weaker yen, after ongoing sales growth in Asia and Europe lifted profit in the July-September quarter.

Japan’s top automaker expects full-year profit to come in at 2.4 trillion yen (US$21.18bil), from a previous forecast of 2.3 trillion yen, based on a revised assumption that the yen will average around 110 yen to the US dollar through March.

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