Toyota bucks trends with higher profits and build plans

Toyota isn’t letting a global slowdown get in the way of its plans to grow, reporting a higher-than-expected quarterly profit and raising its full-year forecast.

Even as a production shutdown in China, the world’s largest car market, has cast a pall over global carmakers already struggling to cope with a downshift in demand and rising costs on next-generation technology, Toyota is betting it can sell more cars.