The world's top-selling car maker also cut by 16% its forecast for full-year operating profit, reflecting challenges for global manufacturers grappling with rising costs from U.S. levies on cars, parts,

Toyota Motor Corp. lowered its annual guidance as it warned of a ¥1.4 trillion ($9.5 billion) hit to its bottom line from US tariffs that have rattled the global automotive industry.

Analysts say Toyota, which has a plant on San Antonio’s South Side, is likely among the worst hit by the tariffs among global companies.