Toyota and Honda latest to struggle as trade spat threatens global car sales
Toyota and Honda forecast profit and sales short of analysts’ estimates as a trade spat between the US and China threatens global car sales already sputtering from weaker demand.
Both reported results that underscore the challenges faced by carmakers across the globe, from having to invest in electrification and self-driving cars, to struggles with tariffs on both sides of the Pacific Ocean and changing consumer tastes.
