Reported 1 day ago
Toyota has increased its financial projections for the fiscal year, anticipating nearly $10 billion in tariffs, despite suffering a $3 billion hit from tariffs in the second quarter. The company reported an 8.2% revenue rise to $80.54 billion for the quarter, though operating income fell 27.4% due to tariffs and exchange rate issues. Toyota attributes its resilience to strong sales, particularly in North America and Japan, and plans to invest more in U.S. manufacturing to mitigate tariff impacts.
Source: YAHOO