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<div class="at-above-post addthis_tool" data-url="https://www.metro.us/toyota-hikes-profit-forecast/"></div>TOKYO (Reuters) – Toyota Motor Corp said on Wednesday it has an up to four-month stockpile of chips and was not immediately expecting a global chip shortage to hit production, as it jacked up its full-year earnings forecast by a bigger-than-expected 54%. Unlike other automakers, including Japanese peers Nissan Motor Co Ltd and Honda Motor […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Se...

Toyota is shrugging off the global automotive silicon shortage and raising profit forecasts as others struggle to acquire chip supply.

Toyota said it has an up to four-month stockpile of chips and was not immediately expecting a global chip shortage to hit production, as it jacked up its full-year earnings forecast by a bigger-than-expected 54%.

Japanese stocks ended higher in choppy trading on Wednesday after positive earnings from market bellwethers Toyota and Honda highlighted the improving outlook for the global economy. Toyota hiked profit forecast 54%, shrugged off global chip

Japanese automaker Honda Motor Co on Tuesday hiked its full-year operating profit forecast 23% to 520 billion yen as demand in China and elsewhere gained momentum and it trimmed costs.