Toyota sales slip due to computer chips crunch

Toyota’s profit for the fiscal third quarter slipped nearly 6% (Koji Sasahara/AP)

Toyota’s profit slipped nearly 6% last quarter, highlighting the headwinds car manufacturers are facing in a computer chips crunch caused by the coronavirus pandemic.

The Japanese car giant’s profit for the three months to December totalled 791.7 billion yen (£5.1 billion), down from 838.7 billion yen (£5.4 billion) the previous year.