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Toyota reports booming sales but stays cautious on profit because of various costs
[AP] Japan’s top automaker Toyota reported record sales for the fiscal year through March on Thursday, but its profit for the latest quarter faltered partly because of a certification scandal.Toyota Motor Corp.’s January-March net profit totaled 664.6 billion yen ($4.6 billion), down from 997.6 billion yen the same period a year ago. Quarterly sales totaled 12.36 trillion yen ($85.9 billion), up from 11 trillion yen. Toyota has been strengthening the testing system of its vehicles after acknowledging wide-ranging fraudulent testing, including the use of inadequate or outdated data in crash tests, incorrect testing of airbag inflation and engine power checks. Related: Toyota 04/24/2025 Suspected cultists kill 4 in Bayelsa community Toyota 04/09/2025 Wedding cortege participants detained after shooting in Karachay-Cherkessia Toyota 04/08/2025 Honduran Illegal Alien Charged With Stealing 40 Firearms From Tennessee Gun Store Posted by: Besoeker 2025-05-09 |
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