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Toyota has strong quarter

TOKYO - Higher U.S. incentives for Tundra pickups tempered profit growth at Toyota Motor Corp. in the fiscal second quarter, but the company still posted its second-highest quarterly profit in history. Net income edged up 11.1 percent to 450.9 billion ($3.93 billion) in the July-September period, compared with 440.1 billion ($3.53 billion) during the same quarter a year earlier.

Second-quarter consolidated revenue climbed 11.2 percent to $56.52 billion, from $51.25 billion. In North America, Toyota's second-quarter operating income fell 15 percent to $817.8 million because of the higher incentives.




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