Toyota cuts full-year profit forecast, warns over Brexit

Toyota cuts full-year profit forecast, warns over BrexitJapanese car giant Toyota slashed its full-year net profit forecast Wednesday after saying its nine-month figure had tumbled nearly 30 percent as it was hit by investment losses. The firm's senior managing officer Masayoshi Shirayanagi also told reporters there was no way to avoid a negative impact in the event of a no-deal Brexit -- days after fellow Japanese carmaker Nissan announced a cut in production in Britain. The maker of the Camry sedan and Prius hybrid now expects annual net profit of 1.87 trillion yen ($17 billion) instead of the 2.3 trillion yen it projected three months ago.




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