TOKYO (AP) — Toyota’s July-September profit sank to less than half of what it was in the same period the previous year, as a production stoppage that followed a certification scandal and recalls dented vehicle sales, the Japanese automaker said Wednesday. Read this article for free: Already have an account? To continue reading, please subscribe: * TOKYO (AP) — Toyota’s July-September profit sank to less than half of what it was in the same period the previous year, as a production stoppage that followed a certification scandal and recalls dented vehicle sales, the Japanese automaker said Wednesday. Read unlimited articles for free today: Already have an account? TOKYO (AP) — Toyota’s July-September profit sank to less than half of what it was in the same period the previous year, as a production stoppage that followed a certification scandal and recalls dented vehicle sales, the Japanese automaker said Wednesday.
Toyota Motor Corp.’s quarterly profit through September totaled 573.7 billion yen ($3.
7 billion), down from nearly 1.28 trillion yen the same quarter last year. Quarterly sales revenue rose slightly to 11.
44 trillion yen ($75 billion) from 11.43 trillion yen. Toyota, which makes the Camry sedan and Lexus luxury models, apologized and suspended production on some models after acknowledging wide-ranging fraudulent testing, including the use of inadequate or outdated data in crash tests, as well as incorrect testing of airbag inflation.
Fraudulent tests we.
