Toyota heightens financial forecasts and adapts FCEV strategy

Tony Verhelle

November 3, 2023

Toyota has registered record earnings but is reviewing its FCEV strategy, focusing on heavier transport vehicles instead of cars like this Mirai /Toyota

Toyota Motor Corp. raised its full-year outlook Wednesday due to the windfall from a weaker yen, as it reported record earnings for the first half of the fiscal year (2023-2024) on solid post-pandemic vehicle sales in all major markets. At the same time, Toyota is switching the focus of its hydro
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