Recalls cause Toyota profits to plunge

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Flag of Japan
Flag of Japan

Toyota reported a 39 percent slide in quarterly profit but raised its full-year forecasts for earnings and sales, citing a global auto recovery.

The results show a mixed picture for the world’s biggest automaker, which is enjoying booming sales in high-growth markets in Asia, Africa and South America, while facing lingering worries about quality lapses in the key U.S. market.

International  International news in general
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