Toyota quarterly net profit beats estimates despite chip shortage

Agence France-Presse

<div class='embed-wrap'><figure data-feedback='fb:likes,fb:comments'><img alt='Newly assembled vehicles are parked at the Toyota Motor Manufacturing plant in Baja California, Tijuana, Mexico May 31, 2019. Jorge Duenes, Reuters/File Photo' src='https://sa.kapamilya.com/absnews/abscbnnews/media/2022/reuters/02/09/mexico-autos.jpg' ><figcaption>Newly assembled vehicles are parked at the Toyota Motor Manufacturing plant in Baja California, Tijuana, Mexico May 31, 2019. Jorge Duenes, Reuters/File Photo</figcaption></figure></div><p><br/>TOKYO - Toyota on Wednesday logged a 791.7 billion yen ($6.8 billion) net profit for the three months to December, beating forecasts even as a global chip shortage led to production cuts.</p><p>The Japanese auto giant, which kept its crown as the world's top-selling carmaker in 2021, left its annual net profit forecast unchanged.</p><p>More details to follow.</p><ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/12/03/21/toyota-turns-to-chinese-tech-to-reach-its-electric-holy-grail'>Toyota turns to Chinese tech to reach its electric holy grail</a></li>	<li><a href='https://news.abs-cbn.com/business/08/19/21/toyota-to-cut-production-by-40-pct-amid-pandemic'>Toyota to cut Sept production by 40 pct as virus hits supply chain</a></li>	<li><a href='https://news.abs-cbn.com/business/01/30/21/toyota-to-start-operations-of-p45-b-logistics-hub-in-batangas-late-2021'>Toyota to open P4.5-billion logistics hub in Batangas late 2021</a></li></ul><p><strong>RELATED VIDEO:</strong></p><figure class='op-interactive'><iframe allow='autoplay; fullscreen' frameborder='0' height='100%' id='ivsplayer01' scrolling='no' src='https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&key=e8c22c015ca9eafa76f1e3edfa03c603&spid=3001339&vid=1771251' width='100%'></iframe></figure><div class='iwantbar'>Watch more in <a href='//www.iwantv.com.ph/'>iWantv</a> or <a href='//tfc.tv/'>TFC.tv</a></div>

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<p>The Japanese auto giant, which kept its crown as the world's top-selling carmaker in 2021, left its annual net profit forecast unchanged.</p><p>More details to follow.</p>

<div class='embed-wrap'><figure data-feedback='fb:likes,fb:comments'><img alt='Newly assembled vehicles are parked at the Toyota Motor Manufacturing plant in Baja California, Tijuana, Mexico May 31, 2019. Jorge Duenes, Reuters/File Photo' src='https://sa.kapamilya.com/absnews/abscbnnews/media/2022/reuters/02/09/mexico-autos.jpg' ><figcaption>Newly assembled vehicles are parked at the Toyota Motor Manufacturing plant in Baja California, Tijuana, Mexico May 31, 2019. Jorge Duenes, Reuters/File Photo</figcaption></figure></div><p><br>TOKYO - Toyota on Wednesday logged a 791.7 billion yen ($6.8 billion) net profit for the three months to December, beating forecasts even as a global chip shortage led to production cuts.</p>

Toyota on Wednesday logged a 791.7 billion yen ($6.8 billion) net profit for the three months to December, beating forecasts even as a global chip shortage led to production cuts.

Toyota quarterly net profit beats estimates despite chip shortage | ABS-CBN News

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Toyota quarterly net profit beats estimates despite chip shortage

Toyota quarterly net profit beats estimates despite chip shortage