Toyota Posts Record Net, Pares Sales Outlook – Wall Street Journal

Posted: Thursday, November 05, 2015

TOKYO—Toyota Motor Corp.’s move to trim its full-year vehicle-sales and revenue outlook, even as it posted record quarterly profit, highlights two vulnerabilities for the world’s best-selling auto maker: an emerging-markets slowdown and sluggish North American profit.

Toyota on Thursday posted a ¥611.7 billion ($5.02 billion) net profit for the July-September period, up 14% from a year earlier and its highest for any fiscal second quarter, aided by a weaker yen that continues to buoy its gains. Its ¥827.4 billion…

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