Toyota expects record net profit even as quality scandals bite

Toyota Motor Corp. on Tuesday lifted its net profit forecast for the year ending March to a record 4.5 trillion yen ($30.3 billion) from an earlier projection of 3.95 trillion yen due to robust post-pandemic demand, but it also lowered group car sales outlook following a series of quality scandals.The latest figure for fiscal 2023 represents an 83.6 percent rise from the previous year. Sales are now forecast at a record 43.5 trillion yen, up 17.1 percent and compared to the November estimate of 43 trillion yen, the Japanese automaker said.The upward revisions came even as the Toyota group c…READ FULL ARTICLE