NAGOYA, Japan -- Toyota Motor now expects to pay an extra 1.7 trillion yen ($12.8 billion) in material costs this fiscal year, a sharply higher forecast than just a few months ago owing to a weak yen and the disruption from the war in Ukraine.
Automobiles
Toyota earnings outlook clouded by $13bn cost increase, Lexus backlog
Chip shortage continues to disrupt production of luxury brand models
Lexus production has been hampered by the global shortage of semiconductors. (Photo by Shinya Sawai)
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