Toyota Motor Corp.

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Toyota profit down as chips shortage keeps customers waiting

Toyota's profit fell nearly 18 percent in the April-June quarter from the year before, as a semiconductor shortage that has slammed the auto industry dented production at Japan's top automaker.

Toyota Motor Corp. reported yesterday a quarterly profit of 736.8 billion yen ($5.5 billion), down from 897.8 billion yen the previous year.

Toyota at top in global vehicle sales again

Toyota remained the top automaker in global vehicle sales after the first nine months of this year, selling nearly 7.5 million vehicles, outpacing rivals General Motors and Volkswagen.

Toyota Motor Corp.'s global sales for the first three quarters totaled 7.498 million vehicles, down 1.5 percent from the same period the previous year, according to numbers released on Oct. 26.