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Toyota sees profit slip but beat earlier forecasts

AMB News Reporter

News Reporter
Filed under: Earnings/Financials,Lexus,Toyota

Toyota’s July-September profit fell 11% from a year earlier as the coronavirus pandemic slammed global demand, but Japan’s top automaker appeared to be holding up better than weaker rivals that have sunk into the red. Toyota Motor Corp. reported Friday a quarterly profit of 470.5 billion yen ($4.5 billion), down from 530 billion yen a year ago. Its president, Akio Toyoda, told reporters Toyota employees worked extremely hard, including making masks and face shields and boosting efficiency at f
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Toyota sees profit slip but beat earlier forecasts
originally appeared on Autoblog on Sat, 7 Nov 2020 10:02:00 EST. Please see our terms for use of feeds.

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