Toyota warns of 64% drop in full-year net profit

They have a very deep war chest...that being Japanese tax payers. We already subsidise their R&D and waver several taxes. Oh that's right the family have supported the LDP for NUMEROUS decades so I guess it's all good.

Nissan and Honda fell sharply.

Not surprised at all that Nissan fell sharply.

Love the Nissan GTR........hate the company.

Dueation in car makers have been uncertain. Negative factors still outnumbers the positive one.

But Toyota projects net profit..not loss.

Toyota is strong.

I guess by the end of the pandemic,the world will be back to stoneage.

All companies are now kneeling in front of gvt's.

I don't even want to think about airlines.Some or even most are already dead.

I saw news of Virgin Atlantic today on another article and just closed my eyes, didn't read it to the end.

The world is in a deep automotive depression because China was already in one before the pandemic. Japan, EU and the US will suffer the depression for a long time due to automobile oversupply. Tesla and other EV newcomers as well as luxury auto firms will likely weather the crisis.

I imagine Toyota will cope - they have a very very deep war chest!