Toyota ekes out weakest Q1 profit in nine years as pandemic halves car sales

Deutschland Nachrichten Nachrichten

Toyota ekes out weakest Q1 profit in nine years as pandemic halves car sales
Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen
  • 📰 Reuters
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Toyota Motor Corp eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wiped out its bottom line.

) eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wiped out its bottom line.

The sharply lower earnings underlines the challenges the auto industry is facing because of the pandemic that has shuttered factories and kept customers out of dealerships. “But the virus situation continues to place many uncertainties on the business outlook ... and we see a possibility that our forecast could change.”The maker of the RAV4 SUV crossover and the Prius gasoline hybrid expects global retail sales of 9.1 million cars this year, its lowest in nine years.

A 62% tumble in the region during the first quarter led to a 50% slump in consolidated global sales to 1.16 million units.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

Reuters /  🏆 2. in US

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

BMW plunges to second-quarter EBIT loss as coronavirus pandemic hits car salesBMW plunges to second-quarter EBIT loss as coronavirus pandemic hits car salesBMW on Wednesday said it expected to post an operating profit for the full year despite coronavirus lockdowns pushing the carmaker to a second-quarter operating loss as deliveries of luxury cars fell by 25% during the period.
Weiterlesen »

AMC Networks Sees Q2 Profit Tumble Amid Pandemic ConditionsAMC Networks Sees Q2 Profit Tumble Amid Pandemic ConditionsAMC Networks said the coronavirus pandemic and a substantial impairment charge contributed to a significant decline in second quarter profit, the latest media company to show the signs of grappling…
Weiterlesen »

Match forecasts sales above estimates as pandemic boosts Tinder's appealMatch forecasts sales above estimates as pandemic boosts Tinder's appealMatch Group Inc forecast current-quarter sales above Wall Street expectations after beating quarterly estimates, as demand for its online dating app Tinder rebounded during the coronavirus lockdowns.
Weiterlesen »

Sony's profit up as people staying home play video gamesSony's profit up as people staying home play video gamesJapanese electronics and entertainment company Sony Corp. has reported its April-June profit jumped 53% as its video game and other online businesses thrived with people staying home amid the coronavirus pandemic
Weiterlesen »

Pandemic portraits: Ian Byers-Gamber captures the art world from his carPandemic portraits: Ian Byers-Gamber captures the art world from his carUsing a large-format camera in the front seat of his car, photographer Ian Byers-Gamber is taking portraits of L.A. artists during the pandemic.
Weiterlesen »

Siemens profit beats forecasts helped by accounting gainSiemens profit beats forecasts helped by accounting gainSiemens posted better-than-expected industrial profit for its third quarter as the German engineering group weathered the effects of the coronavirus pandemic.
Weiterlesen »



Render Time: 2025-04-08 03:35:38