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Tesla may have recently overtaken Toyota Motor Corporation as the world's most valuable automaker, but the Camry- and Prius-maker is still more than 10 times the size of Elon Musk's company by sales ($275 billion vs. $25 billion last year). Second only to Volkswagen among carmakers in terms of revenues, Toyota sold almost 10.5 million vehicles in the year to March 31, with sales increasing in Europe and Japan while sinking somewhat in North America and Asia. Like its peers, Toyota is now set on becoming a "mobility" company rather a plain old car manufacturer. The question now is how well Toyota will weather the COVID-19 storm, having already forecast an 80% drop in profits this year.
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