The company is being offered as much as $146.5 million by Kentucky to expand a plant in the state that’s Toyota’s largest in North America. Photo: Tomohiro Ohsumi/Bloomberg Los Angeles: Toyota Motor Corp., the world’s largest automaker, is preparing to start production of Lexus cars in the US for the ... Read More

Customers inspect Toyota vehicles at their showroom in Tokyo. (AFP/Yoshikazu Tsuno) TOKYO: Toyota on Monday hiked its full-year profit forecast to 780 billion yen (US$9.7 billion) despite saying it expected to sell fewer cars due to weakness in Europe and China and a Sino-Japanese territorial row. Japan's biggest automaker also said ... Read More

TOKYO: Toyota Motor will hike its operating profit forecast for the year by 5.0 per cent to 1.05 trillion yen (US$13 billion) when it releases it earnings later on Monday, Japan's public broadcaster NHK reported. The country's biggest automaker saw brisk sales in North America and Southeast Asia offsetting a drop ... Read More