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Toyota profits rise, but not in North America

TOKYO — Toyota Motor Corp. posted a 19 percent jump in quarterly profit, its best quarterly performance in two-and-a-half years, on the back of higher sales and cost reductions in Asia.

Operating profit was 682.6 billion yen ($6.11 billion) for April-June, versus 574.3 billion yen a year earlier.

Global retail vehicle sales rose 1 percent to 2.6 million units in the quarter, boosted by an 8.5 percent lift in Asia.

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