Reported 19 days ago
Toyota Motor Company reported its first quarterly profit drop in two years, attributed to decreased sales and production issues in key markets including Japan and the U.S. Although the company experienced strong profits from hybrid vehicles earlier in the year, recent quality problems at its truck division and intense competition from Chinese automakers have hindered its growth. As a result, Toyota has lowered its production target for the fiscal year and is implementing strategies to enhance production efficiency moving forward.
Source: YAHOO