Toyota Profit to Be Reduced by Quake, Japan Auto-Sales Plunge
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Toyota Motor Corp., the world’s biggest automaker, said earnings may be reduced by output disruptions following Japan’s earthquake and tsunami last month, which contributed to a record decline in the nation’s auto sales.
“There’s no doubt financial results will be influenced by the earthquake,” President Akio Toyoda told reporters today at company headquarters in Toyota City, Japan, without elaborating. “Ports, industrial complexes and roads are destroyed.”