Multimillionaire sports car CEO Christian Von Koenigsegg drives to work in a Toyota hatchback. Guess which Toyota hatchback is the CEO's ride of choice.

Toyota Motor says President Donald Trump's tariffs have already cost the automaker $1.3 billion in April and May alone. Toyota expects profits to decline by around 20% in the fiscal year.

Toyota CEO Koji Sato echoed the same sentiment in front of the cameras and the press. “When it comes to tariffs, the details are still incredibly fluid, so it’s difficult to take steps or ...

White House signals it will ease tariffs affecting the auto industry 00:42. Japanese automaker Toyota said President Trump's tariffs would cost the company $1.3 billion in just two months.