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The Independent UK
The Independent UK
National
Yuri Kageyama

Toyota reports 8% drop in Oct-Dec profit, keeps forecast

Toyota Japan Koji Sato Lexus United States
Copyright 2021 The Associated Press. All rights reserved.

Toyota reported a 8.1% drop in fiscal third quarter profit Thursday, as a global shortage of computer chips and soaring raw material costs battering the auto industry hit Japan’s top automaker.

Toyota Motor Corp.’s October-December profit totaled 727.9 billion yen ($5.6 billion), down from 791.7 billion yen the previous year.

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