Toyota again cuts full-year sales and production outlook as profits plunge

Toyota vehicles on trailer Sendai, Japan Feb. 2022 — (BLOOMBERG)

February 09, 2022 07:51 AM

TOKYO -- Microchip-challenged Toyota again downgraded its global sales and production outlooks after operating profit tumbled 21 percent in the latest quarter with the semiconductor shortage and pandemic crimping output, stymying sales and denting earnings.

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