Toyota sees profit in Europe this fiscal year

Newswire

PARIS, Sept 25 (Reuters) - Japanese auto maker Toyota Motor Corp. expects to turn a profit in its European operations by the end of the current fiscal year, a year ahead of its previous forecast. "This is thanks to successful cost-cutting at our factories, the strong success of cars like the RAV-4, and favorable exchange rates," James Rosenstein, vice president of external affairs, told Reuters on Wednesday on the sidelines of the Paris Motor Show. Rosenstein also cited the start-up of ...

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