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Toyota expects profit rebound, shrugs off pandemic slum

Toyota said today that it expects operating profit to grow by 14% to 2.50 trillion yen ($23 billion) this year as it shrugs off a coronavirus sales slump and a chip shortage that has hindered other car makers.
Business • 12 May 21

Nissan posts record loss due to Covid, chip shortage

Nissan Motor has today reported a record annual loss as the coronavirus pandemic hit vehicle sales and a global shortage of semiconductors forced the carmaker to cut production.
Business • 11 May 21

Chip shortage in focus for Japanese car makers

While Japan's biggest automakers report what analysts expect to be depressed earnings this week, investors looking for trading cues will be tuned into any assessment of the future impact of a global chip shortage that has forced a shake-up in production.
Business • 10 May 21

GM's first quarter profit jumps despite chip shortage

General Motors has today posted far stronger than expected first-quarter profit despite a global semiconductor chip shortage as it held down costs and focused on high-margin pickup trucks and SUVs.
Business • 05 May 21

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