TOKYO — Toyota Motor is expected to post its first profit drop in two years when it reports second-quarter earnings on Wednesday, signaling cooling demand after a run of robust earnings helped by a consumer shift away from electric vehicles (EVs).
The world's largest automaker is nonetheless expected to deliver almost $8 billion in quarterly operating profit, benefiting as drivers in several major markets opt instead for petrol-battery hybrids, which typically command higher profit margins than standard petrol cars.
