Salem Radio Network News Tuesday, March 21, 2023


Fourth quarter profits go in different directions for two Japanese automakers


( ) -v-37- UNDATED (Correspondent Jeremy House) “50.6 billion yen.”

The fourth quarter of 2022 showed different results for two Japanese automakers. Correspondent Jeremy House has the details.

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VERBATIM: Toyota reported an 8.1% drop in its net profit in the last quarter. A global shortage of computer chips and soaring raw material costs battered the auto industry and hit Japan’s top automaker. Toyota’s October-December profit totaled 727.9 billion yen, down from 791.7 billion yen the previous year. Meanwhile, Nissan reported a 55% jump in its October-to-December profit. The fourth quarter figure at Yokohama-based Nissan totaled 50.6 billion yen…JH reporting.

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