Toyota ramps up full-year forecasts as sales recover

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 carmaker now projects a 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.

(Source: BSS)