TOKYO – Japanese auto makers report big first-quarter gains in earnings, while sales are on track to post record results when fiscal 2013 ends in March. A series of reports by JPMorgan Securities Japan details the industry’s reversal of fortune since the dark days following the Lehman Brothers bankruptcy and subsequent start of the global recession in fall 2008. The investment house predicts Toyota will register record earnings of ¥2.7 trillion ($2.8 billion) on record ...
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