Toyota’s profit for the October-December quarter rose 7.5 percent from the previous year as booming sales in China, Africa and South America offset declining U.S. sales and a stronger yen.The Japanese automaker — in a neck-and-neck race against General Motors Corp. for the top spot in global vehicle sales — sold 2.281 million vehicles in the fiscal third quarter, up 5.8 percent from the same period a year ago, it said Tuesday.
The maker of Prius gas-electric hybrids and Corolla subcompacts kept its sales forecast for the fiscal year through March unchanged at 8.93 million vehicles, up 4.8 percent from the previous fiscal year, saying that market growth in new markets will make up for weaker-than-expected vehicle sales in the U.S., Europe and Japan.
Toyota Motor Corp. also left its profit projection at 1.7 trillion yen ($15.91 billion) for the fiscal year on 25.5 trillion yen ($238.61 billion) in sales.
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