Toyota Motor says weak yen, cost cuts boost quarterly profit by 70 percent

  • by: ELAINE KURTENBACH , Associated Press
  • Updated: November 6, 2013 - 3:50 AM

TOKYO — Toyota's quarterly profit soared 70 percent, and the world's top-selling automaker raised its earnings forecast, as cost cuts and the weaker Japanese yen compensated for slightly weaker vehicle sales.

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