Toyota Motor Corp. reports a fiscal first quarter (ending June 30) profit of ¥352 billion ($2.8 billion), a 117% increase vs. like-2001. Strong sales, particularly at its Lexus luxury division, helped lead the results. Lexus sales rose 13% from year-ago. Toyota says the large profit results primarily from a one-time gain from its pension fund. It also says strong U.S. sales helped, but warns sluggish sales in Japan could impact its bottom line for the year. Toyota’s domestic sales are ...
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