TOKYO—Japanese car makers led by Toyota Motor Corp. have picked up a bigger share of the Chinese market in recent months, turning China into a second pillar of global sales alongside the U.S.
Toyota and Honda Motor Co. on Friday upgraded their profit forecasts for the year ending March 2021, crediting a revival in demand in China and the U.S. Toyota expects operating profit of ¥1.3 trillion, the equivalent of $12.6 billion, for the year, more than double the previous forecast, while Honda said operating profit would more than…
