TOKYO—Toyota Motor Corp. reported a sharp decline in quarterly net profit despite selling more cars, as a relatively strong yen ate into repatriated earnings. Toyota’s results Monday highlighted its and the Japanese auto industry’s dependence on favorable exchange rates, a point President Donald Trump has raised when criticizing Japan. Toyota’s profit took a hit for most of 2016 when the yen was stronger against the dollar, but the...

Source: Wall Street Journal February 06, 2017 08:11 UTC