Automotive & EV

Tariffs and R&D Cost Toyota Half Its Quarterly Profit: TDS

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Toyota reported a 49% drop in operating profit for the latest quarter, citing increased investments in human resources and future-oriented technologies, as well as U.S. tariffs. This significant decline highlights the financial pressures on automotive giants due to geopolitical tensions and rising R&D costs. Toyota anticipates further losses of $4.3 billion this year due to the Iran conflict.

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Tariffs and R&D Cost Toyota Half Its Quarterly Profit: TDS

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