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.
February 09, 2022 07:51 AM
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Ford says Trump tariffs to cost $1.5 billion as Q1 net income dives 65%
The expected tariff cost is significantly lower than the $4 billion to $5 billion crosstown rival General Motors estimates, which Ford attributes to its higher mix of U.S.-built vehicles.
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