Toyota said group profit rose 9% from a year ago in the latest quarter to $3.7 billion, but operating profit fell 2.8% from a year ago as raw-materials costs and spending on quality control rose. Sales rose 10% from a year ago in the quarter ended in March to $52.5 billion.
Last month, Toyota claimed the title of the world's biggest automaker by volume for the first time ever, inching past longtime king
by some 90,000 first-quarter units. But sales in the U.S. have slowed across the board, as even Toyota reported earlier this month that April sales dropped to 210,000 vehicles from 219,000 a year ago.