Toyota to post first profit drop in 2 years as demand cools after big run
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Toyota Motor is anticipated to report its first profit decline in two years due to cooling demand, following a period of strong earnings driven by a consumer shift away from electric vehicles.
November 05, 2024 | 12:30 pm
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Toyota Motor is expected to report a profit decline for the first time in two years, indicating a cooling demand after a period of strong earnings.
The anticipated profit drop suggests a decrease in demand, which could negatively impact Toyota's stock price in the short term. This is significant as it marks a shift from the previous trend of robust earnings.
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