TOKYO — After reporting record results last week, Toyota Motor Corp. is tapping the brakes on its enthusiasm because of mounting market uncertainty and global supply chain mayhem.
Company executives said during their quarterly earnings press conference that current inflationary trends are making it difficult to chart a short-term trajectory.
Among the chief worries for Toyota as it sizes up its future performance: inflation and rising gasoline prices. Both cast a shadow over the automaker's plans for electrification.