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Toyota slashes 2025 profit guidance, warns of $9.5B tariff hit
The company reported Japanese exports to the US from April through July were hit by a 25% tariff, and now those exports will see a 12.5% tariff hit from August through March (end of the fiscal year). Exports from Canada and Mexico would still be tariffed at 25% from April through March, which includes both autos and parts.
Toyota, world’s biggest carmaker, warns of unprecedented $9.5 billion profit hit from tariffs
Japan’s Toyota Motor said Thursday that it expected a profit hit of nearly $10 billion from President Donald Trump’s tariffs on cars imported into the United States, the highest such estimate yet by any company.
The Senate is poised to pass a major set of policy reforms aiming to boost the supply of housing, including of manufactured ...
June quarter and it lowered its full year earnings forecasts, largely because of President Donald Trump’s tariffs.
Akazawa met with his U.S. counterpart, Commerce Secretary Howard Lutnick, in Washington, D.C., on Wednesday, urging him to ...
U.S. President Donald Trump's tariffs are cleaving Japan Inc, as some big exporters like Toyota Motor slash their profit ...
As the Prius XLE uses slightly bigger wheels and tires, this does mean it reports slightly less efficient figures of 52 mpg ...
When a Toyota Tundra's routine oil change turns into a metallic surprise, it brings back memories of the very engine recalls ...
Toyota Motor said on Thursday it would build a new vehicle factory in its namesake city in central Japan to start operations ...
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