Toyota raised its earnings forecast for the year to March, saying it expects to book a record $18.1 billion annual net profit thanks to a weak yen and cost cuts.
Toyota said it would come back to the World Rally Championship in 2017, nearly two decades after the Japanese auto giant withdrew from the motor sports event.
Shares in Japanese auto giant Toyota advanced in Tokyo trade following a report it is set to book a record operating profit in the six-month period to September.
Toyota said it was recalling about 690,000 Tacoma pickup trucks in the United States to fix a suspension system flaw that could result in vehicle fires.
Nissan said Monday that net profit for the April-June quarter soared 37 percent to $1.1 billion, crediting robust overseas demand that offset weaker sales at home.
Toyota on Friday said it is recalling about 520,000 vehicles, mostly in North America, over several issues including cable corrosion that could see unused spare tyres fall off.
Leading automakers gathered in Beijing Sunday for China's biggest car show, expressing confidence in the world's largest car market even though lacklustre economic growth and environmental restrictions have generated uncertainty.
Employees at Toyota's auto assembly plants in southern India failed to return to work Monday at the end of a week-long lockout after refusing to sign codes of conduct, their union said.
Toyota said Monday it has suspended production at its two Indian auto assembly plants in response to threats against management and "deliberate" assembly-line stoppages, as efforts to hammer out a labour deal failed.
Two days after its huge global recall of Prius hybrids, Toyota recalled another 260,000 cars and pickup trucks in the United States Friday for electrical problems involving the brakes.
Japanese auto giant Toyota said Wednesday it was recalling 1.9 million of its Prius hybrid cars around the world because of a fault that might cause the vehicle to slow down suddenly.
Toyota on Monday said it will stop making cars in Australia in less than four years, banging the final nail in the coffin of country's auto industry, despite appeals to stay by Prime Minister Tony Abbott.
Austerity is over. With a megafast track-ready Corvette, a muscular new Mustang, and a tougher WRX, the auto industry put on its best display of speed and power in years at its annual Detroit show.