BMW and Toyota Report Sales Declines Amid China and Middle East Challenges
BMW's profit dropped by 35% and Toyota's sales fell for the fifth consecutive month, with both automakers citing developments in China and the Middle East as contributing factors to their financial downturns.
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Toyota sales fall for fifth month on Iran turmoil and China
Soaring oil and raw-material costs, along with disrupted supply routes, are squeezing global manufacturers as the conflict in the Middle East drags on.
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