💨 Abstract

Toyota reported record annual sales of $333.6 billion for the fiscal year ending in March 2025, but profits fell due to a certification scandal. Quarterly profit decreased from $997.6 billion yen to $664.6 billion yen. The scandal involved false data and incorrect testing. Despite the scandal, Toyota's profit for the fiscal year was $33 billion, with annual sales reaching 9.36 million vehicles.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖