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Toyota, World's Top-Selling Automaker, Anticipates $9.5 Billion Profit Hit From Tariffs — 'Very Difficult For Us To Predict What Will Happen'
Tariffs aren't just a nuisance for U.S. importers—they're now threatening to carve a massive chunk out of Toyota's (NYSE:TM) profits. The world's top-selling automaker says U.S. import duties on cars,
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.
North American buyers bought 89,000 more units than they did this time last year. And that's with tariffs cutting into the ...
June quarter and it lowered its full year earnings forecasts, largely because of President Donald Trump’s tariffs.
Auto tariffs haven’t hit new car prices yet, but that’s about to change. Here’s why experts say costs could jump by thousands ...
Major suppliers to Toyota Motor Corp. are assessing price hikes and changes to logistics to mitigate the impact of President ...
General Motors projects a $4 billion loss, Stellantis, the maker of Jeeps, said it anticipates tariffs will add $1.7 billion ...
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The Japanese automaker estimates that it will lose billions due to the impact of the Trump administration's tariffs.
KSAT reached out to Toyota on Thursday for a statement addressing the impact of the tariffs on its imported vehicles.
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