AUTOS

Toyota Foresees 25% Drop in Profits: Toyota Motor Corp. warned that its profits could be off as much as 25% this year due to weak auto markets at home and abroad as well as a strong Japanese yen. A decline in net income for the year ending June 30 would mark the third annual drop for Japan’s biggest car maker. Net parent profits are expected to be around $1.2 billion for the current fiscal year, down from $1.61 billion in 1991-92. Current pretax profits are forecast to fall 20% to $2.41 billion from $3.01 billion.