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NAGOYA -- Toyota Motor's
earnings took a hit last quarter
due to the growing costs of
developing
connected and
self-driving vehicles as
Japan's largest automaker
grapples
with a fast-changing environment.
The results out Wednesday look
solid at first glance, with group
operating profit up 9% on the year
for the nine months ended
Dec. 31
thanks to brisk sales -- but October-December profit rose just 0.4%.
The need for massive investments comes at a tough time for the
industry
as demand slows in
China and the U.S., the world's two most important
markets.
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