Toyota expects profit to drop 80% this year as virus saps car sales

TOKYO (Reuters) - Toyota Motor Corp on Tuesday said it expects profit to drop 80% to its lowest in nine years, as Japan's biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles.The forecast came a day after Reuters reported, citing a source, that Toyota plans to slash production in North America by nearly a third through October due to government measures aimed at containing the pandemic.Worldwide, curbs on public movement have prevented..