TOKYO -- Toyota Motor on Friday nearly doubled its full-year net profit forecast to 1.42 trillion yen ($13.7 billion), as the Japanese automotive giant mitigates the impact of the coronavirus pandemic helped by speedy recoveries in the U.S. and Chinese markets and improved cost-efficiency.
Separately, rival Honda Motor also announced that it now forecasts 390 billion yen of net profit through March 2021, more than double what it previously assumed.
