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Old 11-08-2020, 12:04 AM   #1
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Default Toyota sees profit slip but beat earlier forecasts

Filed under: Earnings/Financials,Lexus,Toyota
Toyota’s July-September profit fell 11% from a year earlier as the coronavirus pandemic slammed global demand, but Japan’s top automaker appeared to be holding up better than weaker rivals that have sunk into the red. Toyota Motor Corp. reported Friday a quarterly profit of 470.5 billion yen ($4.5 billion), down from 530 billion yen a year ago. Its president, Akio Toyoda, told reporters Toyota employees worked extremely hard, including making masks and face shields and boosting efficiency at fContinue reading Toyota sees profit slip but beat earlier forecasts
Toyota sees profit slip but beat earlier forecasts originally appeared on Autoblog on Sat, 7 Nov 2020 10:02:00 EST. Please see our terms for use of feeds.


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