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Toyota and Honda upbeat on profits as customers pay more for scarce cars

Japan’s number one and number two automakers cut costs in a bid to squeeze out more profit per vehicle

Toyota, Honda upbeat on profits as customers pay more amid chip shortage

Toyota and Honda like other car makers are cutting output because they cannot find enough semiconductors amid COVID-related supply chain disruptions and competition for the key component from other industries, such as electronics.

Honda Motor (HMC) Q3 2022 Earnings Call Transcript

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