Shareholders attend Toyota Motor Corp.'s annual shareholders meeting at its headquarters in Toyota, Aichi Prefecture - Photo: KYODO The decision comes even as the company expects a 19.5 percent rise in net profit in the current fiscal year, and reflects an uncertain business outlook due to the prolonged trade war between the United States and China, the source said. Toyota President Akio Toyoda said Thursday at an annual shareholders’ meeting that his company is boosting efforts in developing zero-emission vehicles including fuel cell vehicles. “We are facing a once-in-a-century transformation. I hope to build a mobility society of the future with our shareholders,” Toyoda said at the meeting at its headquarters in Aichi Prefecture. … [Read more...] about Toyota to cut managers’ summer bonus due to high R&D costs
