Toyota overcomes chip shortage to beat net profit forecast

February 09, 2022 2:33 PM

TOKYO (BLOOMBERG) – Toyota on Wednesday (Feb 9) posted a forecast-beating net profit of US$6.8 billion ($9.14 billion) for the three months to December, even as a global chip crunch and a pandemic-driven parts shortage forced production cuts.

Source : https://www.straitstimes.com/business/companies-markets/toyota-overcomes-chip-shortage-to-beat-net-profit-forecast