Auto Industry Turmoil: Toyota's Profits Dive

The global auto industry is in chaos, as tariffs from Donald Trump's trade war hit hard. Toyota (@Toyota) warns a sharp 21% profit drop by 2026, blamed on these tariffs and a strong yen. The industry is in "extreme flux," with American tariffs hiking car prices and disrupting global brands like Ford (@Ford) and General Motors (@GM). Not just Toyota, but giants like Mercedes-Benz and Volvo (@volvocars) face uncertainty. Amid this, there are increased auto prices and job cuts, heralding a rocky road ahead for the industry.