Toyota Looks to Electric Cars as Stronger Yen Dents Profits – Wall Street Journal

Posted: Tuesday, November 08, 2016

TOKYO—Toyota Motor Corp. gave a strong signal Tuesday that it soon plans to jump on the battery bandwagon and make electric cars despite expressing skeptical views about their range and charging times.

News of Toyota’s technology shift came as its latest results, released Tuesday, showed the company’s profits were eroded by a stronger yen and the shift by American car buyers toward trucks and sport-utility vehicles. The company is…

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