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Toyota Motor Engine is estimates to win, but 11% go down as US rates bite


A sign with Toyota Logo in Surrey, England, August 2023

Peter Dazeley | Getty Images News | Getty Images

Toyota motor The higher the expected result was expected in the June quarter on Thursday, with the largest sales of sales volumes along with US fares.

Here is the results of Toyota compared to the average calculations of Lega:

  • Revenue: 12.25 trillion yen vs 12.19 billion yen
  • Earn win: 1.17 trillion yen vs 881.41 billion yen

Quarterly exploitation profits, however, fell by 11% year-round year, It has 450 billion yen in the US Rates. The net income attached to the company fell by 37% in 841.3 billion yen.

Toyota also anticipates full-year operating income 600 trillion yen 3.2 billion yen.

“Because of the influence of US rates and other factors, the actual results had a reduced income operation and the preview has been revised,” the company said.

While profits fall, toyota has seen strong global demand and last week Register of sales around the world In the first half of the year.

“Although we have a hard external environment, we have continued to make comprehensive investments and increase sales of units, cost reductions and value chain benefits, as minimizing negative effects,” said the company.

US presidents caught by the Japanese leaders Donald Trump25% Rates In imported vehicles, which were in force in April. They also have peers like Honda The profit reported a declineAs they reduce prices to maintain market share in the US

“Japanese cars had a great deal of profit due to significant import rates and Yen,” Automotive Analist Abhik Mukherjee said CNBC said.

“Despite the maintenance of vehicle export volumes, the higher costs of tariff costs were to be partially absorbed, they had to tighten the margins,” he added.

In June, the value of Japanese car exports fell by 25.3%, although the export volumes of the US car rose by 4.6% according to Data from the Japanese Ministry of Trade.

Trump, however, announced a new trade with Tokyo in the last month in the fare to 15%, although the change period remains clear.

“Automaters face the earlier rates and compression on permanent cost charges. However, combined with a 15% rate, localization and price settings, gradually said,” Mukherjew said.

“In the long run, Japanese brands can reach the edge of the Nava-regional competitors who follow higher rates, protecting a slow but constant recovery,” he added. FREE Commercial Agreements in Nava or North America are Canada, Mexico and the US

Auto exports to the US are the focus of the Japanese economy, in 2024 by about 24% of its global self-shipping, Japanese customs data Show.

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