Toyota may slip to No. 3 in automaker rankings
Toyota Motor Co may slip to No. 3 in the automaker production rankings behind General Motors and Volkswagen due to Japan's earthquake and nuclear crisis, which slashed local output by almost two-thirds in March alone.
Toyota Motor Corp posted a bigger-than-expected 28 percent drop in quarterly net profit due to a stronger yen and sliding US sales, and forecast its first annual profit decline in seven years.