Toyota’s Annual Profit Falls By 24.5%

Akio Toyoda, president of Japan’s auto giant Toyota Motor, speaks during a press conference to announce the company’s 2019 financial results at their head office in Tokyo on May 8, 2019.  Behrouz MEHRI / AFP

 

Profits at Japanese car giant Toyota hit the skids despite record sales, the company admitted Wednesday, although it said it expected to accelerate out of trouble in the year…

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