NAGOYA -- Toyota Motor's earnings took a hit last quarter due to the growing costs of developing connected and self-driving vehicles as Japan's largest automaker grapples with a fast-changing environment.
Automaker forced to invest despite flagging sales in China and US markets

The e-Palette concept car unveiled by Toyota Motor last year. The automaker envisions offering the fully autonomous vehicle as a delivery and ride-sharing platform. (Photo by Masaaki Kudo)
NAGOYA -- Toyota Motor's earnings took a hit last quarter due to the growing costs of developing connected and self-driving vehicles as Japan's largest automaker grapples with a fast-changing environment.