Toyota's operating profit drops 11% on incentives, currency lossesAug. 4, 2017
Operating profit dropped 11 per cent at Toyota in the latest quarter with rising incentives and foreign exchange losses broadsiding earnings as Japan's biggest automaker struggled to shift its car-heavy mix to hot-selling light trucks in the important U.S. market.
Toyota president feels 'sense of crisis' as profits tumbleMay 10, 2017
Foreign exchange rates and spiraling costs hammered profits at Toyota, derailing the automaker from a third-straight year of record results and spurring President Akio Toyoda to warn of an impending "sense of crisis."