TOKYO -- Toyota Motor on Wednesday reported a record net profit of 4.9 trillion yen ($31.8 billion) for the financial year ended March, double that of the previous 12 months, helped by a weak yen and accelerating demand for hybrid vehicles.
Automobiles
Toyota to invest $13bn in EVs, AI and supply chain
Japanese automaker posts record profit as hybrid sales accelerate
Toyota Motor says it will invest more than $10 billion this year in growth areas, including electric vehicles and artificial intelligence. (Photo by Tomoki Mera)
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