Toyota doubles net profit

TOYOTA CITY, Japan: In the fiscal year ending in March, Japanese automaker Toyota doubled its net profit due to strong sales and a favorable exchange rate.

This week, the company, which manufactures the Camry sedan, Prius hybrid and Lexus luxury models, said its annual profit totaled 4.9 trillion yen (US$31.9 billion), up from 2.45 trillion yen in 2023, while its sales rose 21 percent to 45 trillion yen ($290 b