The profits of Japan's seven major automakers have shrunk by 2.6 trillion yen
On August 7th local time, the Nikkei Shimbun reported that due to the US government's auto tariffs, Toyota, Honda, and other seven major Japanese automakers expect that their combined operating profits for the fiscal year 2025, from April 2025 to March 2026, will decrease by approximately 2.67 trillion yen, equivalent to about 130.2 billion yuan, which is more than 30% of the profits of the seven automakers in the previous fiscal year.
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