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Toyota again powered through the global microchip shortage in the latest quarter booking a 48 percent surge in operating profit despite output cutbacks and stagnant sales.

Soaring higher on aggressive cost control and beneficial foreign exchange rates, Toyota also lifted its full-year profit forecasts to near record levels, even as it trimmed its sales outlook.



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Toyota Bulldozes Through The Semiconductor Shortage With A 48% Surge In Quarterly Profit

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