TOKYO: Toyota Motor Corp, Honda Motor Co and Nissan Motor Co all raised their operating profit forecasts for the current fiscal year on the back of strong sales, in what can be seen as a validation of their view that the shift to fully electric vehicles will take longer and require more patience by the industry.
Booming Profits Bolster Japan Automakers' Cautious Shift to EVs bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Major Japanese companies are expected to see a 4.0 percent rise in combined net profit to 42.9 trillion yen this fiscal year, on course to log a record profit for the third consecutive year led by the auto sector, according to the latest tally by a securities house. The projected…
Major Japanese companies are expected to see a 4.0 percent rise in combined net profit to 42.9 trillion yen ($307 billion) this fiscal year, on course to log a record profit for the third consecutive year led by the auto sector, according to the latest tally by a securities house.