Toyota’s Q1 profit nearly wiped out as COVID-19 erodes car sales

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TOKYO:  Toyota Motor posted a 98 per cent plunge in its first-quarter operating profit on Thursday (Aug 6) as the coronavirus pandemic halved it global sales. Japan’s top automaker reported a profit of 13.9 billion yen (US$131.73 million) for the April to June quarter, its worst since the June …