Logo ofToyota
Toyota’s profits continued to decline in the third quarter of its fiscal year 2025, marking the second consecutive quarterly drop. 
The downturn comes as the company faces increasing competition from Chinese automakers and the ongoing global transition to electric vehicles (EVs).
In its financial report released Wednesday, Toyota reported sales of 2.44 million vehicles in the third fiscal quarter, down from 2.55 million units in the same period last year.
Despite a rise in revenue over the first nine months of the fiscal year, the Japanese automaker saw a decline in operating income.
Logo ofToyota
Toyota’s profits continued to decline in the third quarter of its fiscal year 2025, marking the second consecutive quarterly drop.
The downturn comes as the company faces increasing competition from Chinese automakers and the ongoing global transition to electric vehicles (EVs).
In its financial report released Wednesday, Toyota reported sales of 2.44 million vehicles in the third fiscal quarter, down from 2.55 million units in the same period last year.
Despite a rise in revenue over the first nine months of the fiscal year, the Japanese automaker saw a decline in operating income.
