ALBAWABA – Toyota net profits hit $9.1 billion in the second quarter of the year amid “severe” competition in China, Agence France-Presse (AFP) reported Tuesday. Global production rebounded after major supply disruptions in 2022, according to the Toyota report, despite Chinese rivalry. The world’s biggest automaker by sales, reported Toyota net profits the three months to June surged 78 percent year-on-year. Sales hit $73.9 billion, up 24.2 percent from a ...