ZCZC
BCN-03
AUTOMOBILE-TOYOTA-EARNINGS
Toyota ramps up full-year forecasts as sales recover
TOKYO, Nov 6, 2020 (BSS/AFP) – Toyota on Friday revised its full-year forecasts upward, saying sales and production were recovering quickly from the coronavirus pandemic, which has shredded the global auto market this year.
Japan’s top car maker now projects net profit of 1.42 trillion yen ($137 billion) for the fiscal year to March 2021, nearly double an earlier estimate of 730 billion yen.
BSS/AFP/MSY/1010 hrs