Toyota to post 1st profit drop in 2 yrs as demand cools after big run

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Toyota to post 1st profit drop in 2 yrs as demand cools after big run - Business Standard

Quick Summary:

Still, recent sales and production figures have indicated a modest slowdown for Toyota.

It has already said quarterly global sales shrank 4 per cent from a year earlier and that output declined 7 per cent.

The world's largest automaker is nonetheless expected to deliver almost $8 billion in quarterly operating profit, benefiting as drivers in several major markets opt instead for petrol-battery hybrids, which typically command higher profit margins than standard petrol cars.