Toyota Driving Up Profits

After housing, strong auto sales and manufacturing has been a lynch pin of the U.S. economic recovery. And one company that has benefited greatly from higher sales is the world’s top selling automaker, Toyota. Profits skyrocketed 70 percent last quarter on cost cuts, a weaker Japanese yen and solid sales in the U.S., which offset weaker sales last year.

Phil LeBeau reports.

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