Manufacturing

$11 billion tariff tsunami poised to wash over Japanese automakers looking to boost U.S. output

CEO Koji Sato announces Toyota Motor Corp. earnings in Tokyo on May 8, 2025, forecasting a $1.2 billion wallop from U.S. tariffs.
CEO Koji Sato announces Toyota Motor Corp. earnings in Tokyo, forecasting a $1.2 billion wallop from U.S. tariffs. (HANS GREIMEL/AUTOMOTIVE NEWS)
May 16, 2025 01:40 PM