Toyota's profits have fallen by 21% in the most recent quarter because of the long-lasting impact of the semiconductor shortage and the firm has further reduced its global sales and production forecasts.
The Japanese manufacturing giant recorded third-quarter operating profits of 7.84 billion yen (£5bn).
Meanwhile, its production forecast for the financial year has been cut by 500,000 units to 8.5 million, which, Toyota says, is down to the “uncertain outlook” caused by the Covid-19 pandemic and semiconductor shortages.
Its new forecast of 8.5m
