Toyota to Post First Quarterly Profit Drop in 2 Years as Demand Cools

Source: Automotive News
Toyota is expected to report a 14% year-on-year decline in operating profit for the July-September fiscal quarter, marking its first quarterly profit drop in two years as demand cools.

Audi Profit Slumps on China Weakness, Plant Restructuring

Source: Automotive News
Audi reported a significant drop in its third-quarter operating profit, attributing the decline to decreased luxury spending in China and restructuring efforts at its Brussels facility. These challenges have impacted the automaker’s financial performance, prompting strategic adjustments to navigate the evolving market landscape.