Explore stories from Atlantic Canada.
TOKYO - Toyota Motor is expected to report a surge in third quarter profit on Wednesday and lift its full-year outlook as the Japanese automaker benefits from both robust demand and a weaker yen currency.
"Toyota and other Japanese car makers are likely to see demand rise, so they still won't need to offer incentives to sell cars. I think that's going to mean more profitable sales," Sugiura said."By this time next year, U.S. economic conditions may be worsening and manufacturing or labour costs will go up, so sales will likely become challenging."
Domestic production rebounded about 27% during the first nine months of the year versus that period in 2022, underscoring the extent to which the car maker has been able to shake off the impact of last year's chip and part supply snags. Toyota and its Japanese peers face growing challenges from a shift to electric vehicles from gasoline-powered cars in key overseas markets and what suppliers say are extremely tough business conditions in China.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Data scarce on what green energy transition will cost Nova ScotiansExplore stories from Atlantic Canada.
Read more »
Twelve dead after plane crashes in Brazil's Acre stateExplore stories from Atlantic Canada.
Read more »
Data scarce on what green energy transition will cost Nova ScotiansExplore stories from Atlantic Canada.
Read more »
Israel summons Russian ambassador to protest at Moscow's hosting of HamasExplore stories from Atlantic Canada.
Read more »