Toyota posts 14% rise in Q2 operating profit as car sales rise

TOKYO, Nov 7 (Reuters) – Toyota Motor Corp posted a 14.4% rise in second-quarter profit on Thursday, boosted by a rise in global vehicle sales.
Japan's biggest automaker posted an operating profit of 662.3 billion yen ($6.09 billion) in the July-September quarter, up from 579.1 billion yen a year ago.
It was higher than an average forecast of 592.3 billion yen based on estimates from nine analysts, Refinitiv data shows.

Audi to increase engine production in Hungary, says Szijjártó

German carmaker Audi will increase the production of engines at its Hungarian factory to 2.25 million units next year, Minister of Foreign Affairs and Trade Péter Szijjártó has said, international news wire Reuters reported.The carmaker, which is part of the Volkswagen group, has been making engines in Hungary since 1994.Of the 1.95 mln engines produced in 2018, 9,453 were electric axle drive units.