Even the world’s most valuable car maker can’t dodge speed bumps from the coronavirus pandemic. Japan’s Toyota Motor, the world’s biggest auto maker by market value, said Tuesday that its revenue for the fiscal year ending next March would drop 20% from a year earlier, which would push its operating profit down 80%. Also Tuesday, its Japanese rival Honda said it couldn’t provide a “reasonably calculated” forecast because it is difficult to predict how the Covid-19 pandemic will develop in different countries. Honda sank into...

Source: Wall Street Journal May 12, 2020 10:41 UTC