Toyota is set to report major profits but a drop in earnings is expected to diminish returns

AFP Thursday May 8, 01:49 PM
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The Toyota logo at a car dealership in California in late April. Toyota Motor Corp. has warned that it expects its first drop in annual profits in nine years due to a weak US economy, a stronger yen and soaring raw material costs. The Toyota logo at a car dealership in California in late April. Toyota Motor Corp. has warned that it expects its first drop in annual profits in nine years due to a weak US economy, a stronger yen and soaring raw material costs.

AFP