Reported 2 months ago
Toyota Motor reported a 17% increase in its first-quarter profit, reaching 1.3 trillion yen ($8.70 billion), supported by cost-cutting and a weaker yen. However, the results were disappointing to investors as profit growth was the weakest in seven quarters, leading to a nearly 9% drop in share price. The automaker continued to face challenges with declining sales, production issues, and scandals impacting its reputation, while maintaining its annual profit forecast.
Source: YAHOO