Toyota posts quarterly profit as car sales rise.

TOKYO -- Toyota is reporting a 190.47 billion yen ($2.2 billion) profit for the April-to-June quarter, reversing from red ink a year earlier as car sales recover, and raised its full year earnings forecast.
The world's biggest automaker says revenue for its fiscal first quarter surged 27 percent to 4.87 trillion yen ($57.3 billion) as vehicle sales improved in Japan and overseas including North America and Asia.
raised its profit forecast for the year through March 2011 to 340 billion yen ($4 billion) from 310 billion yen ($3.6 billion).Cost reductions added to the lift in the latest results, which offset the damage from a stronger yen, it said.