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FRANKFURT: TME chief sees bigger profit

By Graeme Roberts | 11 September 2013

Toyota Motor expects profits at its European business to improve in its current financial year from the EUR246m (US$326m) it posted last year, Didier Leroy, President of Toyota Motor Europe, told Reuters.

"It will be much bigger than that," Leroy said at the Frankfurt show.

Leroy also said that Toyota Motor Europe aims to achieve a return on sales of around 5% in the medium to long term.