Toyota raises its earning forecast

Toyota raises its earning forecast

POSTED: Tuesday, November 6, 2012 - 10:00am

UPDATED: Tuesday, November 6, 2012 - 10:20am

Toyota has raised its earnings forecast citing strong sales in North America and southeast Asian countries. The automaker estimates that profits for this fiscal year will total more than $13 billion.

That's up 5 percent from its previous projection. The company also says it increased profits are due to several cost-cutting initiatives.

 

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