Toyota Forecasts Abrupt Profit Drop on Iran, Shares Fall

Toyota Motor Corp. forecast an abrupt drop in operating profit as the world’s largest carmaker braces for higher costs of raw materials because of disruptions stemming from the conflict in...

By Nicholas Takahashi · Bloomberg

Toyota Motor Corp. forecast an abrupt drop in operating profit as the world’s largest carmaker braces for higher costs of raw materials because of disruptions stemming from the conflict in Iran.