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The Independent UK
The Independent UK
World
Yuri Kageyama

Hit by scandal, Japan's top automaker Toyota reports lower profits

Japan Toyota NTT - (Copyright 2024 The Associated Press. All rights reserved.)

Toyota’s July-September profit sank to less than half of what it was in the same period the previous year, as a production stoppage that followed a certification scandal and recalls dented vehicle sales, the Japanese automaker said Wednesday.

Toyota Motor Corp.’s quarterly profit through September totaled 573.7 billion yen ($3.7 billion), down from nearly 1.28 trillion yen the same quarter last year.

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