Toyota lifts annual profit forecast despite production cut

MG News | November 04, 2021 at 09:54 AM GMT+05:00

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November 04, 2021: Toyota on Thursday upgraded its full-year profit forecast after a strong quarter that saw it weather production cuts caused by a chip crunch and supply chain issues in pandemic-hit Southeast Asia.

The world's top-selling automaker now projects a net profit of 2.49 trillion yen ($21.8 billion) for the fiscal year to March 2022, up from an earlier estimate of 2.3 trillion yen.

AFP/APP

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