Toyota quarterly profit jumps 43% on cost cutting, lower expenses

Toyota's operating profit surged 43 percent in the latest quarter as cost cutting, lower selling outlays and falling warranty expenses offset unfavorable foreign exchange rates and helped pilot the automaker to a record full-year net income.

source http://www.autonews.com/article/20180509/COPY01/305099968/toyota-quarterly-profit-jumps-43-on-cost-cutting-lower-expenses