Japan’s Toyota reports hefty profit on cheap yen and solid car sales

Japan’s Toyota reports hefty profit on cheap yen and solid car sales

TOKYO (AP) — Toyota reported Tuesday a nearly doubling of profit for the fiscal first quarter as solid demand in the U.S. and India combined with a favorable exchange rate to boost results. The Japanese automaker, which makes the Prius hybrid and Lexus luxury models, recorded a 1.48 trillion yen ($...

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