Toyota posts record profit as hybrid sales accelerate

TOKYO — Toyota Motor on Wednesday reported a record net profit of 4.9 trillion yen ($31.8 billion) for the financial year that ended in March, double that of the previous 12 months amid a weak yen and accelerating demand for hybrid vehicles.

The Japanese auto giant racked up global sales of over 10.3 million units, marking an all-time high and a 7.3% rise from the year before due to strong demand in North America, Europe and Japan. Sales in Asian regions, including China, Southeast Asia and India, were similar to the previous year at 3.3 million vehicles.