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Toyota (TM) sharply downgrades its earnings outlook for the fiscal year ending in March,...

Toyota (TM) sharply downgrades its earnings outlook for the fiscal year ending in March, pointing to a strong yen and recent flooding in Thailand. The company now expects a net profit of ¥180B ($2.3B) vs. August's projection of ¥390B, revenue of ¥18.2T vs. ¥19T, and sales of 7.38M vehicles vs. 7.6M.
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