The Japanese carmaker’s net profit in the last fiscal year was up to 18.5 billion euros, a jump of six percent. But Toyota expects profit to fall by 35 percent this year due to the strong yen and falling sales in emerging markets - especially China.
New registrations of cars in the European Union have gone down markedly in recent weeks. Fresh figures show that particularly the UK auto market is going through a rough patch amid Brexit-related uncertainties.
As governments around the world begin to get even tougher on traditional combustion engines, Japan's car manufacturers are well positioned to put their world-leading technologies to the test. Julian Ryall reports.
China has set a 2019 deadline for global carmakers to meet new quotas for so-called New Energy Vehicles (NEVs), meaning their annual sales in China must hit a specific threshold of electric cars or plug-in hybrids.
After authorities found major irregularities regarding final vehicle inspections, Nissan has announced a recall of 1.2 million cars sold domestically over the past three years and apologized for the "inconvenience."
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