( ) -q-27- UNDATED (Correspondent Jeremy House) “of airbag inflation.” Toyota’s July-to-September profit has sunk to less than half of what it was in the same period the previous year. [CutID: <Cuts> TOYOTA-PROFITS-house-q-WEDam.mp3 Time: 27s Title: TOYOTA-PROFITS-house-q-WEDam Out-cue: of airbag inflation] TAG: Correspondent Jeremy House reporting. Toyota expects to sell 10.85 million vehicles for this […]
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Hit by scandal, Japan’s top automaker Toyota reports lower profits
( ) -q-27- UNDATED (Correspondent Jeremy House) “of airbag inflation.”
Toyota’s July-to-September profit has sunk to less than half of what it was in the same period the previous year.
[CutID: <Cuts> TOYOTA-PROFITS-house-q-WEDam.mp3
Time: 27s
Title: TOYOTA-PROFITS-house-q-WEDam
Out-cue: of airbag inflation]
TAG: Correspondent Jeremy House reporting. Toyota expects to sell 10.85 million vehicles for this fiscal year, down from more than 11 million vehicles last year.
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VERBATIM: The reasons…a production stoppage that followed a certification scandal and a recall of dented vehicle sales. The Japanese automaker says its quarterly profit totaled 3.7 billion dollars. Toyota suspended production on some models after acknowledging wide-ranging fraudulent testing. It included the use of inadequate or outdated data in crash tests, as well as incorrect testing of airbag inflation.