Toyota reports lower quarterly profit on lower sales, yen
TOKYO (AP) — Toyota, which recently relinquished the crown of world's biggest automaker to German rival Volkswagen, is reporting a 23 percent decline in October-December profit from the previous year.
Sales of the maker of the Prius hybrid, Camry sedan and Lexus luxury cars slipped 3.5 percent to 7.1 trillion yen ($63 billion).