Toyota expects annual operating profit to drop 80% as virus saps car sales
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TOKYO (Reuters) - Toyota Motor Corp said on Tuesday it expects to post its lowest annual operating profit in nine years as the automaker grapples with the impact of the novel coronavirus, which has sapped global demand for cars.Japan's biggest automaker said it expects operating profit of 500 billion yen ($4.66 billion) in the year to March 2021, down 80% from 2.44 trillion yen in the year just ended. That would be Toyota's weakest profit since the 2011/12 financial year.The global auto..