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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.
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.
This week I'm behind the wheel of a fundamentally great sports car: the Toyota GR86. Specifically, the Hakone Edition which ...
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Toyota Motor reported higher-than-expected operating profit for the June-quarter, even as the auto company grapples with U.S.
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Toyota Motor said on Thursday it would build a new vehicle factory in its namesake city in central Japan to start operations ...
GAC Toyota is preparing to launch a new generation of the Wildlander in China. Unlike its predecessor, the new model closely ...
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Toyota Innova Completes 20 Years in India with Over 12 Lakh Units SoldToyota Kirloskar Motor has marked the 20th anniversary of the Innova in India, celebrating over 12 lakh units sold across its ...
The Senate is poised to pass a major set of policy reforms aiming to boost the supply of housing, including of manufactured ...
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