Toyota profit jumps to $16B, raises forecast

TOKYO: Toyota on Friday said nine-month net profit jumped nearly 10 percent to 1.9 trillion yen ($16 billion), despite falling sales in most regions, with the world’s top automaker focused on squeezing more productivity out of its plants.

The Corolla and Prius maker also slightly raised its fiscal year profit forecast to 2.27 trillion yen, but unit sales were down in most regions, including Europe and Japan, while North America rose.