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Toyota dented by yen rally, North American sales drop

Aug 04, 2016 - 10:00 PM

The world s biggest automaker also cuts its full year profit and sales forecasts for 2016

epa05454437 A Toyota logo is seen on the back of a vehicle on display at the company's showroom in Tokyo, Japan, 04 August 2016. The Japanese auto maker Toyota Motor Corp. reported a consolidated net revenue total of 6.58 trillion yen (around 64.8 billion US dollars), a drop by 5.7 percent. Operating income declined to 642.2 billion yen (around 6.32 billion US dollars) compared with 756.0 billion yen (around 7.45 billion US dollars) in the previous period. Net income dropped to 552.4 billion yen (around 5.44 billion US dollars) compared to 646.3 billion yen (around 6.36 billion US dollars) and operating income decreased by 113.7 billion yen (around 1.12 billion US dollars). EPA/CHRISTOPHER JUE