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Toyota reports quarterly profit decline amid chips crunch

Por: Associated Press Business November 01, 2022

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TOKYO (AP) — Toyota said Tuesday that its profit fell 31% in the last quarter as a shortage of computer chips offset foreign exchange gains from a weaker yen. Toyota Motor Corp.’s quarterly profit through September totaled 434 billion yen, or $2.9 billion, down from nearly 627 billion yen a year earlier. The maker of the Camry sedan, Prius hybrid and Lexus luxury models said it faces many challenges, including rising interest rates, soaring... + full article



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