Toyota Reports 28% Fall in Profit »
Posted by: TechnologyExpert 1 week, 4 days agoToyota said Thursday that its fiscal first-quarter profit plummeted 28 percent and stuck to its forecast that full-year profit with fall for the first time in seven years as it faces more problems from the weakening U.S. market.
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bluetexasvalley1 week, 4 days ago
I imagine some of that is due to the fact that they cannot produce Priuses fast enough to meet demand. I understand there is now a one-year waiting period for a new Prius, due to a shortage of batteries.
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I expect things will ease off when they complete their new manufacturing plant for hybrid batteries here in the U.S. They are also converting some of their big truck/SUV plants here to making small trucks/hybrid trucks.
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