Toyota Keeps Profit Outlook Despite Weak Quarter in Japan, China.

Toyota Motor Corp. maintained its annual profit outlook despite a weak quarter in Japan and China, with operating profit falling to ¥1.16 trillion for the quarter ending Sept. 30. The company's full-year profit guidance remains at ¥4.3 trillion, although global sales have been impacted by low demand for new cars and production cuts due to regulatory issues and recalls. Toyota faces challenges in China from local competitors like BYD Co., while the market is shifting towards software-heavy, battery-electric vehicles. The European Union and US raising tariffs on EVs from China could alter the competitive landscape, prompting Chinese firms to focus on emerging markets traditionally dominated by Japanese brands. [Extracted from the article]