Manufacturing

Toyota nearly doubles quarterly profit as sales surge, North America lags

Toyota
Toyota's North American sales rose 7.4 percent to 682,000 in the latest quarter. (DAVID PHILLIPS)
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August 01, 2023 10:26 AM

TOKYO — Toyota Motor Corp. nearly doubled its operating profit in the latest quarter, as the world's biggest automaker ramped up supply on semiconductor shipments and shifted sales into high gear in major markets, led by Japan.

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