Akio Toyoda, president of Japan's auto giant Toyota Motor, walks past a logo of Toyota at the end of a press conference to announce the company's 2019 financial results at their head office in Tokyo on May 8, 2019.
BY the looks of it, Toyota Motor Corp is holding steady, even as other carmakers flail. But some caution is warranted.
Toyota has consistently outperformed its rivals over the last year as the industry struggles with everything from technology adoption to tariffs. Its shares are down just 5% in the past year, compared with its peers’ average of almost 10 percent. Some have slumped more than 20%.
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