Toyota forecasts profit drop

Thursday, May 8, 2014 - 09:50 in Mathematics & Economics

Toyota Motor Corp., the world's largest carmaker, forecast profit will fall from last year's record as demand slumps in Japan, competition intensifies in the U.S. and the yen is no longer the boon it used to be. Net income will probably slip to 1.78 trillion yen ($17 billion) in the fiscal...

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