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Toyota Motor Corp yesterday upgraded its full-year profit forecast after a strong quarter that saw it weather production cuts caused by a chip crunch and supply chain issues in Southeast Asia due to the COVID-19 pandemic. However, Toyota chief financial officer Kenta Kon sounded a note of caution, saying raw material costs were rising. He also apologized for delays experienced by buyers after the chip shortage forced Toyota to cut output by about 550,000 units in the July-to-September period. “We’re very sorry we’re making many customers wait for the delivery of their cars due to production cuts. We’re making efforts to deliver cars

Kenta konFord motor coToyota motor corpMotors coMotor corpSoutheast asiaThe taipei times