Good morning and welcome to The Downshift, or TDS for short.
Tight, light, and right as they say in the biz, TDS combs the Internet for the latest automotive news from around the globe and gathers it in one summary. Stories are recapped in a few sentences accompanied by a link for those seeking more information. Happy Friday! Let’s go.
Toyota reported a staggering 49% fall in operating profit in its latest financial quarter, compared to the same period a year ago. It marks the fourth consecutive drop, as well as the company’s lowest quarterly profit in about three years, and Toyota attributes it to “increases in investments in human resources and future-oriented investments and the impact of U.S. tariffs.” It doesn’t expect to be out of the woods anytime soon, either, anticipating that the ongoing conflict in Iran will cost it $4.3 billion …
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Author: Adam Ismail
