Toyota says it plans to increase the price of cars in Europe as it battles with high costs caused by a shortage of parts and, therefore, decreased profits.
As part of its Q2 financial results released today, the Japanese firm revealed that profits declined for a fourth successive quarter to ¥562.7 billion (£3.3 billion) – down ¥187.2bn (£1.1bn) year on year. It has also cut its production target by 500,000 cars to 9.2 million.
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All ready to expensive and to add insult to injury the only ones worth having are sold out for the next year or more.