Toyota (2)

Toyota has reported a nearly 5% increase in profits for the quarter of 2015, following strong sales in the US.

The world's biggest car maker posted a net income of 627.9 billion yen (£3.7bn), and raised its full-year forecast for sales in the US. But operating profit missed forecasts, falling 5.3%.

Toyota managing officer Tetsuya Otake said: "Our latest forecast remains unchanged from the previous forecast, having reflected both positive factors - such as progress in cost reduction and the weaker-than-expected yen so far.

The Japanese firm said it sold just under 6.5 million vehicles during the three month period, down 246,374 on the same time last year. The global car market is currently suffering due to a slowdown in demand from China. And that was reflected in Toyota's result for Asia, where sales fell 112,478.

In November, Toyota recalled 1.6 million cars over faulty airbags, just a month after recalling 6.5 million due to a faulty window switch.