Toyota issues muted profit forecast following blowout 2024 results
Toyota (TM), the world’s largest automaker by production, reported blowout results for its fiscal year 2024, though investor response was muted as the company issued a conservative outlook, reflecting heavy investments that need to be made as its business transforms. Toyota projects FY 2025 sales revenue will climb 2% to 46 trillion yen ($295.6 billion), …