Toyota cuts production target amid chip slump as profits fall 25%

Toyota cuts production target amid chip slump as profits fall 25%

Q2 profit of 562.7 yen mv vs. 772.2 yen mth forecast Reduced production target for the year to 9.2 million units from 9.7 million It’s unclear when the chip shortage will end – executive Results ‘very unimpressive’ given positive factors – analyst Shares end down 1.9%, benchmark Nikkei up 0.3% TOKYO, Nov 1 (Reuters) – …

Toyota cuts production target amid chip slump as profits fall 25% Read More »