- Total News Sources
- 4
- Left
- 2
- Center
- 1
- Right
- 0
- Unrated
- 1
- Last Updated
- 49 days ago
- Bias Distribution
- 50% Left
Toyota reported a 1.7% increase in first-quarter net profit to 1.33 trillion yen ($8.83 billion) and a 12% rise in revenue to 11.84 trillion yen ($78.62 billion), driven by strong hybrid vehicle sales and a weak yen. Despite these positive results, Toyota's shares fell by approximately 8% due to investor disappointment over the weakest profit growth in seven quarters and ongoing certification scandals in Japan. The company faced production halts and recalls due to these issues, but maintained its profit forecast for the fiscal year at 3.57 trillion yen ($24 billion). Toyota's hybrid sales particularly bolstered performance in North America and Europe, offsetting weaker demand in Japan and China. The company expects to sell 9.5 million vehicles globally for the full fiscal year.
- Total News Sources
- 4
- Left
- 2
- Center
- 1
- Right
- 0
- Unrated
- 1
- Last Updated
- 49 days ago
- Bias Distribution
- 50% Left
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