TOKYO, Nov 6 (Reuters) - Toyota Motor (7203.T), opens new tab posted on Wednesday its first quarterly profit drop in two years as its weaker sales and production issues in two crucial markets - Japan and the U.S. - stalled the Japanese automaker's recent ...

Toyota reports its first quarterly profit drop in two years due to production challenges and declining sales in North America and Japan

Toyota’s July-September profit has sunk to less than half of what it was in the same period the previous year, as a production stoppage that followed a certification scandal and recalls dented vehicle sales.

Toyota reported Wednesday that net profit dropped 55% to $3.7 billion in the third quarter, its first quarterly profit decline in two years.

Toyota Motor Corp. kept its annual profit outlook intact despite reporting quarterly results that were dragged down in Japan and China, as the Japanese carmaker showed signs of recovery from domestic scandals and major recalls in the US.