Toyota deflects chip shortage to post 48% rise in quarterly profit

(REUTERS)

November 04, 2021 08:01 AM

TOKYO -- Toyota again powered through the global microchip shortage in the latest quarter booking a 48 percent surge in operating profit despite output cutbacks and stagnant sales.

Featured Stories

U.S. tariffs on imported vehicles are in effect, with parts duties following soon

U.S. tariffs on imported vehicles are in effect, with parts duties following soon

What vehicle parts are now subjected to tariffs? Powertrain, suspension, safety and more

What vehicle parts are now subjected to tariffs? Powertrain, suspension, safety and more

MSRP and dealers and finance, oh my! Why tariff price impacts may vary

MSRP and dealers and finance, oh my! Why tariff price impacts may vary

Here’s our list of the 2025 Top 150 dealership groups

Here’s our list of the 2025 Top 150 dealership groups

Latest News

Yukon cuts Elon Musk’s companies from rebates in response to U.S. tariffs

Toyota puts $7,900 premium on GR Supra final edition for $69,085 sticker price

Live updates on tariffs: Reactions and fallout as auto tariffs take effect

Stellantis laying off nearly 1,000 workers in U.S. as tariffs pause production at some plants in Canada, Mexico

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

U.S. senators seek to rein in Trump tariff authority

Europe reacts as Trump’s 25% auto tariffs take effect

What vehicle parts are now subjected to tariffs? Powertrain, suspension, safety and more

Hyundai 2nd-gen Nexo hydrogen fuel cell crossover gets big boost in power, range, styling

Staying current is easy with newsletters delivered straight to your inbox.