Toyota says it plans to increase the price of cars in Europe as it battles with high costs caused by a shortage of parts and, therefore, decreased profits.
As part of its Q2 financial results released today, the Japanese firm revealed that profits declined for a fourth successive quarter to ¥562.7 billion (£3.3 billion) – down ¥187.2bn (£1.1bn) year on year. It has also cut its production target by 500,000 cars to 9.2
