Toyota Profits Plunge 42% As A Result Of Rising Costs, Supply Chain Problems | Carscoops carscoops ⚠️
and staffing issues at its domestic plants expected to be resolving, the automaker believes that production will pick up in the second half of the year.also has to find a way to reckon with inflation. The automaker expects material costs for the full year to increase 17 percent from its previous estimate, to 1.7 trillion yen .
Despite that, Toyota is sticking to its full-year forecast for operating profit. It also still says that it intends to produce 9.7 million vehicles this fiscal year, and expects strong sales given the high demand for new vehicles.
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