NAGOYA, Japan -- Toyota Motor has enjoyed a rapid recovery in profitability driven by a weak yen and price hikes, with its profit margin outpacing Tesla's during the April-September period for the first time in more than two years.
Automobiles
Toyota beats Tesla in profit margin as price hikes pay off
Weak yen and supply chain recovery lift automaker, but EV uncertainties loom
Toyota Motor President Koji Sato presents the FT-3e electric sport utility vehicle at the Japan Mobility Show on Oct. 25. The automaker is investing more into electrified vehicles. (Photo by Tomoki Mera)
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