Toyota Motor Corp has announced plans for a $1.8 billion share buyback after reporting quarterly profit on better global sales and
an improvement in its North American business.
The automaker sold 2.75 million vehicles globally during the quarter, up from 2.18 million units a year ago.
Sales in North America, Toyota’s biggest market, rose 5.6%, while sales in Asia, including China, climbed 3.4%.
The car maker has also been expanding sales in China, the world’s biggest auto market.