Hino aims to double oper profit by 2005

Newswire

TOKYO, May 29 (Reuters) - Japanese truckmaker Hino Motors Ltd said on Thursday it aimed to more than double its operating profit by 2005 from last year through drastic cost cuts and by expanding in the U.S. and Chinese markets. Unveiling a three-year business plan, Japan's biggest truckmaker owned 51 percent by Toyota Motor Corp said it aimed to rake in group operating profit of 42 billion yen ($355 million) in the business year starting in April 2005, up 120 percent from last year. "And ...

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