Toyota Gains From Revived Car Market in U.S., China – The Wall Street Journal

TOKYO—Toyota Motor Corp. raised its full-year operating profit estimate by nearly $8 billion, adding its name to the list of big car makers benefiting from an upsurge in Chinese and American demand for vehicles.

Toyota said it expected operating profit of ¥1.3 trillion, equivalent to $12.6 billion, in the year ending March 2021, more than doubling its previous estimate of ¥500 billion.