TOKYO -- Toyota Motor posted a net profit of 158 billion yen ($1.5 billion) for the three months ended in June, the automaker said Thursday. That was down 74% from the previous year, but the Japanese automaker stayed in the black even as its peers had loss-making quarters due to the COVID-19 pandemic.
Automobiles
Toyota posts net profit of $1.5bn for April-June despite COVID
Carmaker remains bullish while rivals struggle with lackluster performance
In China, Toyota recorded a 1% rise in unit sales for January through July, compared with the same period last year.
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