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Toyota Profit Plunges Due to COVID-19
May 12th, 2020 - 10:30 GMT

Toyota Profit Plunges Due to COVID-19

Toyota Motor reported on Tuesday a sharp plunge in fiscal fourth quarter profit as the global pandemic slammed vehicle sales and halted production at its auto plants. Japan's top automaker logged a net profit of 63.1 billion yen ($590 million) for the quarter ended in March, nose-diving 86 percent from 459.5 billion yen for the same period the year before. Quarterly sales slipped 8 percent to 7.1 trillion yen ($66 ...
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