TOKYO – The future of the Japanese automotive industry can be summed up in four words – more sales, more profits. Never have producers been healthier. Historic highs have been reached, and more are in sight. "Nine out of Japan's 12 auto makers will enjoy record high profits in the fiscal year ending March 31 (2006)," says Koji Endo, an industry expert with Credit Suisse First Boston Securities (Japan). "Hino Motors (Ltd.) and Fuji Heavy Industries (Ltd.) will be profitable. Only ...

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