
Demand in both North America and Europe have remained steady and aided Toyota in reaching record production and sales last month.
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Automaker also recorded double-digital revenue increases in the first nine months of the year.
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Strong result driven by higher sales volume, consistent cost management and focus on efficiency.
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Market normalization as supply crunches ease will reduce the division’s profits.
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Volkswagen AG reported its cash flow fell short of expectations as supply chain snags led to higher unsold inventory at year’s end.
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The automaker will stick to its plan to list its Porsche sports-car maker later this year as to finance its pivot toward electric vehicles (EVs).
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With an improved chip supply, carmakers are at work whittling down order backlogs.
Read More →BERLIN— Volkswagen AG on Friday reported a drop in new-car sales in October as a result of sharp declines in some emerging markets and troubles for its namesake VW brand in the U.S. and Europe stemming from the company’s emissions scandal. Meanwhile, the Wolfsburg, Germany-based auto group is negotiating with a group of banks to ... Read More »
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