Iran war costs Toyota £3bn as prices of materials soar and sales fall

Carmaker gives one of biggest warnings yet of conflict’s impact on businesses while Trump tariffs also take toll Toyota has reported a £3bn hit from costs from the war in Iran, as prices of parts and materials soared and sales dropped. The world’s biggest carmaker said profits declined in its financial year to March as it was “likely unable to absorb newly added impact from the Middle East”, in one of the largest warnings yet of the war’s impact on businesses. Continue reading...

By Jasper Jolly

Toyota fourth-quarter profit misses by wide margin as U.S. tariffs drive 49% slump

The world's largest automaker by sales volume saw a 1.89% year-on-year rise in revenue during the fourth quarter ended March.

Aer Lingus boss does not rule out job losses due to Iran war

Holidaymakers can “book with confidence” this summer, the boss of Aer Lingus has insisted.

Toyota forecasts abrupt profit drop on Iran, shares fall

The stock reversed gains and fell as much as 2.2% after the company issued an outlook for ¥3 trillion in operating income for the fiscal year ending March 2027.