Toyota Motor Corp. (TM), roaring back after three years of recession, recalls and natural disasters, will struggle to regain its former dominance as it grapples with improved competition worldwide.
Under Chief Executive Officer Akio Toyoda, the company’s profits are rising, it’s on pace to regain the global sales lead this year, and its $140.8 billion stock-market value is more than the next two biggest, Volkswagen AG (VOW) and Honda Motor Co., combined. Still its shares aren’t as highly valued as they were before the crises and the resurgence of once-feeble U.S. rivals.
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