Earnings from Toyota and Daimler are adding to worries over the strength of the global auto industry.
Toyota downgraded its full year forecast on Wednesday. The Prius maker said its sales in North America declined in the final three months of last year.
Shares in Toyota (TM) dropped as much as 1.5% in Tokyo, before recovering some ground to close down 0.7%.
Daimler said in an earnings statement that fourth quarter operating profit dropped 22% compared to the previous year. The German carmaker also cut its dividend.
"2018 was a year of strong headwinds — with the ongoing diesel debate, the changeover to the new [emissions] test method and the global trade dispute," Daimler Chairman Dieter Zetsche said in a statement.
Daimler (DDAIF) shares dropped nearly 2% in Frankfurt after the announcement.
General Motors (GM) is up next, before the open.
It'll give us its first quarterly report since announcing plans to cut 8,000 salaried staff and close five plants in North America.
Analysts are forecasting lower earnings for the quarter and the year.
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