Feb 6, 2017
Toyota says weakening yen will help profits
The Japanese firm expects net profit in the year to March of 1.7 trillion yen, compared with a previous forecast of 1.55 trillion yen. Toyota said it had begun formal talks to work with Suzuki on projects including safety technology. Benefits for Toyota are likely to include tapping in to Suzuki's strong market position in India. The forecast for 2016-17 profits is still below the 2.1 trillion yen profit it recorded a year earlier. The US is its biggest market, and it is struggling to meet demand for bigger vehicles such as sport utility vehicles.
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