For the fiscal year ended in March, profit at Japan's top automaker fell 14% on-year to 2.45 trillion yen ($18 billion). But it's forecasting profit to rise 5.2% for the current fiscal year to 2.58 trillion yen ($19 billion).
Automakers worldwide have been hurt by a shortage of computer chips and other auto parts because of restrictions over the coronavirus pandemic that crimped production in various countries.The automaker's sales for the fiscal year that ended in March rose across global regions, including Japan, the United States, Europe and other markets, such as Asia, the Middle East and South America.
The results underline the challenges that lie ahead, as well as the ongoing resilience of the maker of the Prius hybrid, Camry sedan and Lexus luxury models. Toyota had long insisted on offering models that appeal to customers in various markets, noting EVs still made up a tiny portion of the market. But recently, that has changed dramatically, catapulting players like Tesla and BYD to stardom.
In a statement, Toyota said it's committed to further growth and will continue to offer diverse options in ecological models, including hybrids and plug-ins as well as battery electric vehicles to "make sure to meet a wide range of global demand."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2024 Toyota Tacoma leaks on website for enthusiastsAn enthusiast apparently opened an online back door on Toyota's web presence for the upcoming 2024 Toyota Tacoma midsize pickup and on Saturday shared an image of the vehicle in an online forum.
Read more »
Police deploy in schools in Serbia as opposition plan marchSerbia's education minister submitted his resignation Sunday following two mass shootings, one of them at a primary school, that left 17 people dead, and the country's government urged citizens to turn in all their unregistered weapons or run the risk of a prison sentence.
Read more »
Thousands march in silence in Serbia after mass shootingsThousands marched in silence on Monday in Serbia in a major outpouring of grief and anger against the populist government and how it reacted after two mass shootings last week that left 17 people dead and 21 wounded, many of them children.
Read more »
![Polkadot [DOT] hits March lows – Here are key levels to consider](https://i.headtopics.com/images/2023/5/10/cryptoamb/polkadot-dot-hits-march-lows-here-are-key-levels-t-polkadot-dot-hits-march-lows-here-are-key-levels-t-1656140754547359748.webp?w=640)
Polkadot [DOT] hits March lows – Here are key levels to considerPolkadot [DOT] bears devalued the asset to the March low and bullish OB of $5.1. Will it offer steady ground for bulls?
Read more »
G7 to discuss ways to strengthen global banking system, Japan saysG7 finance leaders will hold talks this week as recent U.S. bank failures bring the risk of digital bank runs into focus
Read more »
35 Everyday Things That Differ From Japan Vs. Other Countries As Portrayed By This Comic ArtistEvacomics shared in her previous Bored Panda post that she studied in Japan, Tokyo from 2010 to 2014, and noticed a lot of cultural differences.
Read more »