Skip to content
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
placeholder-661-1.png
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
logo

Toyota forecasts profit rebound amid chip shortage

Japan’s Toyota Motor Corp announced a $2.3 billion share buyback. And also, they have forecasted that the annual profit will rise by 14% to pre-pandemic levels. It has shrugged off the chip shortage that has hurt other car makers.

In united states, this world’s biggest automaker by vehicle sales expects renewed demand. It is to drive that recovery from pandemic situation. Overall sales are forecasted to grow 6.4% to 10.55 million vehicles for the year.

YOU MAY ALSO LIKE

European Stocks Edge Higher as Consumer and Healthcare Gains Offset Tech and Defence Weakness

Ameriprise Financial Posts Strong Q2 Earnings as Asset Values Reach Record Levels Amid Market Rebound

After the results, the shares of Toyota reversed course to rise 2.1%. This contrasts with a 10% tumble for smaller rival Nissan whose guidance disappointed investors. Following the Fukushima earthquake in 2011, Toyota has worked on improving its supply chain management to mitigate the impact of natural disasters and this effort had also paid off. This was stated by CFO Kenta Kon.

Kenta also said that they are now able to make assessments of alternative products in a speedy matter. That is one of the factors of them being able to mitigate the impact of semiconductor supply shortages. Toyota, which is famous for its just-in-time inventory management and also the maker of the RAV4 SUV crossover and Prius hybrid vehicles, said that 8 million of its vehicles would be electrified annually by 2030, or around 80% of its current vehicle sales.

Toyota almost doubled its fourth-quarter operating profit to 689.8 billion yen. Nissan said that it expects to break even this business year, defying expectations for a return to profitability, as the global chip shortage and commodity price hike curb the car maker’s recovery from a record annual operating loss.

Tags: AutomobileToyota

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

An Economic Dilemma: The Temptation of Inflation

An Economic Dilemma: The Temptation of Inflation

A Shift in Global Governance: A New Order for the Global South

A Shift in Global Governance: A New Order for the Global South

A Shift in Hiring Dynamics on Wall Street

A Shift in Hiring Dynamics on Wall Street

Market Sentiments and Asia’s Currencies

Market Sentiments and Asia’s Currencies

Hope and Innovation: A Bionic Arm for Nigeria

Hope and Innovation: A Bionic Arm for Nigeria

European Stocks Edge Higher as Consumer and Healthcare Gains Offset Tech and Defence Weakness

European Stocks Edge Higher as Consumer and Healthcare Gains Offset Tech and Defence Weakness

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

An Economic Dilemma: The Temptation of Inflation

A Shift in Global Governance: A New Order for the Global South

A Shift in Hiring Dynamics on Wall Street

Market Sentiments and Asia’s Currencies

Hope and Innovation: A Bionic Arm for Nigeria

Categories

  • Banking
  • Business
  • Events
  • Finance
  • Blogs
  • Fintech
  • Forex
  • Insurance
  • Technology
  • Videos

Social Media

COPYRIGHT © 2020-2025 GLOBAL BUSINESS REVIEW MAGAZINE LLC - ALL RIGHTS RESERVED

  • About Us
  • Contact Us
  • Advertise With Us
  • Leadership report
  • Privacy Policy
  • Disclaimer
  • Terms & Conditions
No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

Copyright © 2025 Global Business Review Magazine - All Rights Reserved.