Toyota maintains net profit forecast despite drop in first half

Toyota maintains net profit forecast despite drop in first half …C0NTINUE READING HERE >>>

Toyota’s unit sales were hit by production cuts in Japan related to certification issues.
Photo: Yuichi YAMAZAKI / AFP
Source: AFP

Japanese auto giant Toyota kept its annual net profit forecast unchanged on Wednesday, despite logging a 26 percent drop for the first half of this financial year.

The world’s top-selling automaker said unit sales were hit by production cuts in its home market, related to a failure to fully comply with vehicle inspection standards.

In April to September,…

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