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Toyota has managed to buck the trend of automakers being effectively crippled by both the pandemic and semiconductor shortages, with the world’s largest auto manufacturer nearly doubling its operating profits in the four quarter of the financial year.
The news comes as Toyota posts its financial results for the financial year of 2021, ending in March, where it posted a 9 per cent profit margin while nearly doubling its effective operating profit for the fourth quarter.
Strong sales in North America and the European markets, as well as the popularity of its electrified lineup helped Toyota steer through multiple crises, seemingly completely unscathed.