Reported 21 days ago
Toyota is expected to report its first profit drop in two years, forecasting a 14% decline in operating profit for the July-September quarter to approximately $7.9 billion. This signals a cooling demand following robust earnings bolstered by a shift toward petrol-battery hybrids amid intensified competition, particularly in the U.S. and China. While the company is adapting its strategy to focus more on hybrids, it remains one of the slower legacy automakers to fully embrace electric vehicles.
Source: YAHOO