A Toyota driving through the streets of Tokyo
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Toyota profits up as sales recover

Japanese carmaker Toyota has reported its biggest quarterly profit in two years, with sales recovering as the company seeks to put the recall of millions of vehicles behind it.

The company made a net profit of 190.4bn yen ($2.2bn; £1.4bn) in the three months to June, bouncing back from a 77.8bn yen loss in the same period a year ago.

Toyota was already struggling with the financial crisis that hit global demand for vehicles, when it was forced to issue a string of recalls because of safety problems.

Roland Buerk reports.

  • 04 Aug 2010