Home > Business Toyota quarterly net profit beats estimates despite chip shortage Agence France-Presse Posted at Feb 09 2022 01:47 PM Share Facebook Twitter LinkedIn Viber Newly assembled vehicles are parked at the Toyota Motor Manufacturing plant in Baja California, Tijuana, Mexico May 31, 2019. Jorge Duenes, Reuters/File Photo 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. The Japanese auto giant, which kept its crown as the world's top-selling carmaker in 2021, left its annual net profit forecast unchanged. More details to follow. Toyota turns to Chinese tech to reach its electric holy grail Toyota to cut Sept production by 40 pct as virus hits supply chain Toyota to open P4.5-billion logistics hub in Batangas late 2021 RELATED VIDEO: Watch more on iWantTFC Share Facebook Twitter LinkedIn Viber ANC, ANC Top, automaker, car manufacturing, chip shortage, electronics Read More: Toyota Toyota earnings automaker car manufacturing chip shortage electronics