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.

Germany probes Bosch workers in US over diesel emissions

Prosecutors in the German city of Stuttgart are investigating two employees of auto components and technology firm Robert Bosch LLC in the U.S. on suspicion of being accessories to fraud in connection with manipulated diesel emissions in Fiat Chrysler vehicles.

Volkswagen suspends executive over monkey tests

Automaker Volkswagen has suspended its head of external relations and sustainability in response to the controversy over experiments in which monkeys were exposed to diesel exhaust.