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Home / National / Toyota profits up, Honda’s down, both lower annual forecasts

Toyota profits up, Honda’s down, both lower annual forecasts

Toyota reported a nearly 4 percent increase in fiscal first quarter profit on improved sales, while rival Honda reported a 29 percent decline in fiscal first quarter profit. Both Japanese automakers on Friday lowered their profit forecasts for the fiscal year, blaming an unfavorable foreign exchange rate. Toyota Motor Corp.'s April-June profit totaled 682.9 billion yen ($6.4 ...

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