Toyota Q2 profit drops 27% on US tariff hit, but upgrades FY outlook
NeutralFinancial Markets
Toyota reported a 27% drop in its Q2 profit, primarily due to the impact of US tariffs. Despite this setback, the company has upgraded its full-year outlook, indicating confidence in its ability to navigate challenges. This news is significant as it highlights the ongoing effects of trade policies on major corporations and their strategies to adapt in a competitive automotive market.
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