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Automobiles
Automakers worldwide face declining profitability on Trump tariffs, EV headwinds
Tesla’s profit per vehicle figures have outstripped Toyota’s for years, sometimes by a wide margin. (Nikkei composite)
TOKYO — Profits per vehicle for seven major global automakers fell in fiscal 2025 due to U.S. tariffs and a slowdown in demand for electric vehicles, with the traditionally highly profitable Tesla seeing a steep 40% drop.
