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TOKYO - Yanase & Co., Japan's largest importer and distributor of foreign cars, swung into the black in the 12 months to Sept. 30 as revenue soared more than tenfold.
Yanase's improvement came on strong sales of high-margin Mercedes cars. Except for Saab, however, the company's sales of General Motors brands fell.
Yanase posted an operating profit of Y700 million, or about $6.5...