A bumpy road for toyota . The worlds second largest carmaker is expected to to report shrinking profits as the us market slows down. On the farm in the us we assess the impact of President Trumps policies in an industry that relies on migrant workers, even the undocumented ones. Welcome to World Business report. Im sally bundock. In a minute well itroduce you to the First American 800 billion company. We start with the worlds second biggest carmaker toyota it will report its latest set of Financial Results in just a few hours. The japanese car giant is expected reveal its had a tough quarter with operating profits falling by 30 . The key reason being a slowdown in the United States taking its toll on the business this year. This follows a record year there last year when carmakers sold 17. 6 million vehicles in the us. But it would seem, at least for now, the winning run is coming to an end in toyotas biggest market. Compared to the same period last year, the company has experienced a
To chris wright, the man responsible for signing Spandau Ballet. The New York Times is offering people a brexit tour of london. It is the brexit means brexit tour. Were asking you today whats your most memorable tour and was it that expensive . Just use the hashtag bbc Business Live. Hello and welcome to Business Live. We start with the worlds second biggest car maker, toyota, which has just reported its latest set of financial results. Its not good news. Full year profits are down 21 . This is the first time in five years that the company has reported a drop in earnings. Our correspondent Rupert Wingfield hayes is in tokyo. Rupert, what more can you tell us about the figures . Good morning, rachel. It is a fall for toyota as expectedment more than expected, but its still, you know, if profits of 16 billion are bad then it is a problem that a lot of companies would like to have, but thats a fall to 1. 83 trillion yen and there is expectation that it will fall again this Financial Year