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Toyota profit up nearly 5 percent on sales growth

A visitor walks around a Toyota showroom in Tokyo, Tuesday, Aug. 5, 2014. Toyota Motor Corp. reported a better-than-expected rise in quarterly profit as vehicle sales grew in North America and Europe, offsetting a drop in Japan. (AP Photo/Shizuo Kambayashi)

By YURI KAGEYAMA

Toyota reported a 5 percent jump in quarterly profit Tuesday, outpacing expectations as vehicle sales grew in North America and Europe, offsetting a drop in Japan.