Japan automaker profits expected to slow after blockbuster year

Hybrids and North America seen as path to continued growth for Toyota, Honda and Subaru

20240417N cars

A Toyota Motor plant in Kentucky. Pay raises are expected to push up automakers' labor costs in the U.S. and Japan.

KAZUHIRO NOGUCHI, Nikkei staff writer

TOKYO -- Profit growth at six leading Japanese automakers is expected to slow in fiscal 2024 as they enjoy less room to raise output but face rising costs.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.