Toyota (TM +3.3%) trades higher after the automaker saw profits soar in Q2. A new projection for...

|About: Toyota Motor Corporation (TM)|By:, SA News Editor

Toyota (TM +3.3%) trades higher after the automaker saw profits soar in Q2. A new projection for 2012 global sales of 9.76M vehicles would put Toyota in a position to reclaim the distinction of being the world's top car seller. Without the same European migraines as GM and Ford, Toyota has been able to focus on increasing manufacturing outside of Japan to blunt the effect of a strong yen.