aerospace / news / / RTE.ie
Toyota reported an almost 50% drop in quarterly earnings.
Toyota expects the Iran war to cost it $4.3 billion by March 2027.
KEY POINTS
- Toyota predicts full-year operating profit will drop to 3 trillion yen, below analysts’ expectations.
- Toyota anticipates hybrid sales will surpass 5 million vehicles for the first time this year.
- The $4.3 billion impact estimate includes 400 billion yen in higher costs and 270 billion yen from supply disruptions.
- Toyota’s Middle East sales dropped sharply in March due to shipment disruptions.
COMPANIES
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