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Toyota Faces Profit Decline Amid Cooling Demand and Sales Forecast Cuts

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Source: CNBC
Toyota Faces Profit Decline Amid Cooling Demand and Sales Forecast Cuts
Photo: CNBC
TL;DR

Toyota reported a nearly 20% drop in second-quarter operating profit, missing analyst estimates, as it faces challenges in the shift towards electric vehicles. Despite a decline in sales volume and net profit, Toyota raised its full-year dividend forecast. The company has been cautious about fully embracing electric vehicles, citing potential job losses. Toyota has also faced multiple vehicle recalls and scrutiny over false data used in vehicle certification.

Topics:top-newsbusiness#business#electric-vehicles#market-shift#operating-profit#toyota#vehicle-recalls
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  1. Toyota posts nearly 20% drop in second-quarter operating profit, missing estimates  CNBC
  2. Toyota Keeps Profit Outlook Despite Weakness in Japan, China  Bloomberg
  3. Toyota to post first quarterly profit drop in 2 years as demand cools  Automotive News
  4. Toyota Motor Cuts Sales Forecast After Quarterly Profit Halves  The Wall Street Journal
  5. Toyota to post first profit drop in 2 years as demand cools after big run  Yahoo Finance

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