Toyota forecasts profit rebound amid chip shortage, unveils share buyback

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Toyota forecasts profit rebound amid chip shortage, unveils share buyback

Japan’s Toyota Motor Corp announced a $2.3 billion share buyback on Wednesday and forecast annual profit will rise by 14% to pre-pandemic levels, as it shrugged off a coronavirus sales slump and a chip shortage that has hurt other car makers. #News #Reuters #ToyotaMotorCorp #Toyota #Japan #ChipShortage #Coronavirus #Earnings Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get the latest news on: http://reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en


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Toyota forecasts profit rebound amid chip shortage, unveils share buyback

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