Toyota booming

Toyota has reported a 23% increase in its first-half profits which have risen to $4.81bn in the six month period leading up to September 30. The company's sales are also up more than seven percent as rising demand for Toyota in the United States helps to offset problems encountered with the strength of the yen. The company sold 3.17m vehicles around the world.

"While major markets have been experiencing limited growth in recent years, Toyota's vehicle sales have seen a continued annual growth of 400,000 units," said Toyota's executive vice president Ryuji Araki.

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