{"id":14563,"date":"2025-11-05T07:54:25","date_gmt":"2025-11-05T05:54:25","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/toyota-raises-profit-outlook-as-it-bets-it-can-ride-out-tariffs\/"},"modified":"2026-02-27T16:27:06","modified_gmt":"2026-02-27T14:27:06","slug":"toyota-raises-profit-outlook-as-it-bets-it-can-ride-out-tariffs","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/toyota-raises-profit-outlook-as-it-bets-it-can-ride-out-tariffs\/","title":{"rendered":"Toyota raises profit outlook as it bets it can ride out tariffs"},"content":{"rendered":"<div>Toyota raised its full-year profit forecast on Wednesday, with the Japanese automaker betting that cost-cutting and strong demand for hybrids would help it ride out the impact of United States (US) President Donald Trump&#8217;s tariffs.<\/div>\n<div><\/div>\n<div>The world&#8217;s top-selling carmaker now expects operating profit of $22.6 billion for the financial year to end-March, up 6%.<\/div>\n<div><\/div>\n<div>The US tariffs have dealt a body blow to an industry already stung by deepening competition from Chinese EV makers and a once-in-a-century upheaval brought by the advance of EVs and other new technologies.<\/div>\n<div><\/div>\n<div>&#8220;North America is facing a very tough situation due to the impact of tariffs,&#8221; Kenta Kon, Toyota&#8217;s chief financial officer, told a financial results briefing. While conditions &#8220;were not easy&#8221; in other markets such as China, Europe, Asia and Africa, both profitability and sales volume remained &#8220;solid&#8221;, he said.<\/div>\n<div><\/div>\n<div>Toyota said last week its worldwide production increased by more than 10% in September and rose for a fourth straight month, as both sales and output increased in the US, its top market.<\/div>\n<div><\/div>\n<div>Toyota shares were deep in negative territory on Wednesday afternoon, trading 3.5% lower compared with a decline of 1.8% shortly before the release of its results.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":12524,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-14563","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Toyota raised its full-year profit forecast on Wednesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14563\/revisions"}],"predecessor-version":[{"id":19169,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14563\/revisions\/19169"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/12524"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=14563"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=14563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}