Toyota Motor Corp unveiled plans for a $1.8 billion share buyback on Th...
) unveiled plans for a $1.8 billion share buyback on Thursday, after reporting a more-than-expected quarterly profit on better global sales and an improvement in its North American business.
The profit beat an average forecast of 592.3 billion yen, based on estimates from nine analysts, Refinitiv data showed. “New models of the RAV4 and the Corolla, as well as last year’s Camry, have been well received in North America, so we’ve been able to lower incentives,” Operating Officer Kenta Kon told reporters at a briefing.
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