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Toyota's Market Strain and the Shifting Global Auto Landscape
Toyota faces fifth straight profit decline: earthquake disruption, China weakness and the auto stocks to watch
Toyota is approaching earnings under pressure from weaker demand, higher material costs and production stoppages following an earthquake in Japan.
Analysts expect April-to-June operating profit to fall about 5% year over year to roughly 1.11 trillion yen. Toyota and Lexus global sales declined 3% to just over 2.5 million vehicles, including a 28% drop in China.
Toyota has also suspended production at four Japanese plants while suppliers assess earthquake damage. Investors must decide…
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