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Toyota slashes 2025 profit guidance, warns of $9.5B tariff hit
The company reported Japanese exports to the US from April through July were hit by a 25% tariff, and now those exports will see a 12.5% tariff hit from August through March (end of the fiscal year). Exports from Canada and Mexico would still be tariffed at 25% from April through March, which includes both autos and parts.
Toyota, world’s biggest carmaker, warns of unprecedented $9.5 billion profit hit from tariffs
Japan’s Toyota Motor said Thursday that it expected a profit hit of nearly $10 billion from President Donald Trump’s tariffs on cars imported into the United States, the highest such estimate yet by any company.
Toyota Motor said on Thursday it would build a new vehicle factory in its namesake city in central Japan to start operations ...
The best that Mazda’s 3 can do is 27/37/31 mpg for the 2.5-liter sedan with FWD and the automatic transmission, resulting in ...
When the Prius was redesigned a few years ago, the car was absolutely transformed, losing the alien spacecraft styling it was ...
Only six examples of the GR Supra GEN3 are slated for production. Two will be fielded by Walkinshaw Andretti United, while ...
Akazawa met with his U.S. counterpart, Commerce Secretary Howard Lutnick, in Washington, D.C., on Wednesday, urging him to ...
The Japanese automaker estimates that it will lose billions due to the impact of the Trump administration's tariffs.
In a segment dominated by the Ford Maverick, an established truck brand like Toyota could benefit from a new compact pickup.
It's no secret that Toyota Tundra engines are failing at an alarming rate. A Tundra owner in Canada says his truck's engine ...
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