Toyota

The global auto industry faced another major safety development after Toyota announced a large scale vehicle recall in the United States involving more than 550,000 vehicles. The recall centers on a seat defect that could increase the risk of passenger injury during accidents. The announcement has drawn attention from regulators, investors, and consumers, while also…

Toyota has just made a big move. Toyota cut its annual operating profit forecast by 16%, lowering it from ¥3.8 trillion to ¥3.2 trillion, which is approximately $21.7 billion. What’s behind this? A major $9.5 billion hit from global tariffs. This is a serious shift for one of the world’s top carmakers. Toyota is feeling…