Earnings at Continental, Vitesco slump in Q1, mirroring broader auto declines
Continental swung to a loss amid delays in new programs, lower production volumes in Europe, and salary and wage inflation.
Read moreRussia to start production of Putin's limousine at a former Toyota plant
Russia is looking for ways to use car factories left idle after global automakers withdrew from the country amid Western sanctions. Toyota transferred its St. Petersburg plant to state company NAMI.
Read moreToyota CEO Sato leads automaker to record profit, sales, production
Toyota reported record quarterly sales and record profits, but warned earnings will retreat in the current year as it takes a break from hectic expansion and invests in next-generation EVs, software and AI.
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