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The automaker’s somber forecast for the fiscal year underscored how quickly fortunes have turned for many companies reckoning with President Trump’s tariffs.
Japanese automakers, initially optimistic about some of President Trump’s policies, are reckoning with potentially devastating U.S. taxes on foreign-made cars.
Akio Toyoda has faced scrutiny from some investor groups over governance issues and an ongoing probe of faulty vehicle-certification tests.
Akio Toyoda, who stepped down as chief executive last year, had been criticized by some shareholders for continuing to dominate decision making at the automaker.
Akio Toyoda ran Toyota for 14 years before handing the reins to a new C.E.O. last year, but some have grown concerned about the control he...
The Japanese authorities had told the companies to conduct investigations into their compliance with national standards for safety and other issues.
