NAGOYA -- Toyota Motor is on course to post record net profit for the current fiscal year thanks to a weaker yen and brisk North American sales, but it needs to cultivate other markets to realize sustained growth.
The Japanese automaker's steady improvement in profitability can be seen clearly in North America. Although sales in that market in the April-September half decreased by some 100,000 units compared with the same period of 2007, operating profit was 58.5 billion yen ($510 million) higher.
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