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Accelerated earning predicted by Toyota

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Accelerated earning predicted by Toyota

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Toyota expects to treble its operating profit this year to the equivalent of more than 9.6 billion euros — though that is still less than half what it made annually before the global financial crisis.

Operating profit jumped more than five-fold in the first three months of the year with all production centres back up and running after last year’s earthquake, tsunami and Thai floods disrupted supply chains and hit production.

That cost Japan’s top carmaker around 400,000 vehicles in lost output – roughly nine weeks’ worth of US sales.