Toyota expects better profits amid weakening yen

Toyota expects better profits amid weakening yen

PanARMENIAN.Net - Toyota says its full-year profits will be better than expected thanks to a pick-up in sales and a boost from currency fluctuations, BBC News reveals.

The Japanese firm expects net profit in the year to March of 1.7 trillion yen ($15.1bn), compared with a previous forecast of 1.55 trillion yen. That is despite losing its top-selling carmaker status to Volkswagen in 2016.

Meanwhile, Toyota said it had begun formal talks to work with Suzuki on projects including safety technology.

Analysts said the partnership - which could also involve collaboration on vehicles that were less damaging to the environment - would give Suzuki access to Toyota's technology. Benefits for Toyota are likely to include tapping in to Suzuki's strong market position in India.

 Top stories
Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert.
On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit.
Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin.
Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.
Partner news
---