Toyota Raises Annual Earnings Forecast as Shares Surge Up to 17%
Toyota raised its annual earnings forecast after a weaker yen and cost cuts bolstered quarterly operating profit. Shares surged as much as 17% in Tokyo, their biggest gain in 39 years.
By Kosaku NariokaToyota Motor raised its annual earnings forecast after a weaker yen and cost cuts bolstered quarterly operating profit, signaling confidence in navigating the disruptions caused by the Iran war.Shares of Toyota, the world's largest automaker, surged as much as 17% in Tokyo, marking…