Toyota lifts fiscal 2025 net profit outlook even as U.S. tariffs weigh

Toyota Motor Corp. on Wednesday lifted its net profit outlook for the year through next March to 2.93 trillion yen ($19 billion), as higher vehicle sales and cost-cutting efforts are expected to help offset the impact of severe tariffs imposed by U.S. President Donald Trump.In August, the world's biggest automaker by volume estimated a net profit of 2.66 trillion yen. On Wednesday, it raised its operating profit outlook to 3.4 trillion yen from the previous forecast of 3.2 trillion yen.Toyota said it now expects the hit from higher U.S. tariffs to total about 1.45 trillion yen for the full …READ FULL ARTICLE