Toyota profit forecast more than doubles amid China pandemic rebound

By Tim Kelly TOKYO (Reuters) - Toyota Motor Corp more than doubled its full-year operating profit forecast on Friday, as vehicle sales rebound in China from a coronavirus pandemic squeeze earlier this year that contributed to a 24% slide in second-quarter earnings. Japan's top automaker said it now expects an operating profit of 1.3 trillion yen ($12.

6 billion) for the year through March, 2021, up from the 500 billion it predicted previously. Operating profit for the previous financial year was 2.47 trillion yen. That topped.....

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