Toyota profit drops on virus outbreak

Toyota profit drops on virus outbreak

Toyota Motor reported a sharp plunge in fiscal fourth quarter profit as the global pandemic slammed vehicle sales and halted production at its plants. The car maker logged a net profit of $590 million for the quarter ended in March, nose-diving 86%. Quarterly sales slipped 8% to $66 billion. President Toyoda said the company is facing its biggest crisis since the global financial crisis.

Chris
Chris
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