Toyota warns 'unprecedented' raw materials costs could cut profits by 20% - CNBC

Toyota said it expects material costs to more than double from to 1.45 trillion yen, or about $11.1 billion, in its fiscal year that started in April.

Toyota Motor on Wednesday warned investors that "unprecedented" increases in materials and logistics costs could cut the company's full-year profit by as much as 20%. The Japanese automaker said it … [+2303 chars]

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