Japan automakers’ profits to stall at half of peak level on Iran war

Toyota, Suzuki, Honda among those expecting rising costs to drag on net profits this fiscal year A worker installs a seat at Toyota Motor's Motomachi assembly plant in Aichi prefecture, Japan. (Toyota Motor) TOKYO — Net profits at the seven largest Japanese automakers this fiscal year are expected to amount to half of the all-time high attained a few years ago, due largely to the impact of the Iran war.

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