Toyota Motor Corp. posts a record profit, thanks to strong U.S. demand – particularly for its Lexus models – and the weak yen. Toyota’s consolidated operating profit jumped 29.1% to ¥1.12 trillion ($8.8 billion) for the fiscal year ended March 31, 2002. Recurring profit was ¥1.11 trillion ($8.8 billion) and net profit was up 30.7% to ¥615.82 billion ($4.8 billion). Toyota credits the Lexus ES 300 for boosting earnings, largely due to the fact it’s built in Japan and exported to the U.S. ...
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