Auto

Toyota lifts profit forecast to record 2.4 trillion yen

Toyota is seeing a nearly doubling of profit for the fiscal third quarter, and it lifted its annual profit projection through March to 2.4 trillion yen ($22 billion), a record high for the Japanese automaker.

Business Highlights

___ Dow plunges 1,175 points in worst day for stocks since 2011 NEW YORK (AP) — The stock market ended a wild day with its biggest drop in six and a half years as the Dow Jones industrial average briefly plunged nearly 1,600 points.

Profitable Daimler expects heavy spending on new tech

German automaker Daimler AG says its net profit rose 24 percent to a record 10.9 billion euros ($13.5 billion) last year, helped by strong sales of its Mercedes-Benz SUVs and new E-Class luxury sedan.