Toyota said Thursday, while reporting fiscal first quarter results, that its full-year operating income forecast would be cut to 3.2 trillion yen ($21.74 billion), down 600 billion yen ($4.07 ...

Toyota's North American business swung to an operating loss of 63.6 billion yen in the first quarter, from profit of 100.7 billion a year earlier, as it took a hit of 450 billion from the tariffs.

Toyota's president Akio Toyoda said it will be "difficult" to meet the requirement of California's new rules banning the sale of gas powered vehicles by 2035.