Toyota hits record November output

Toyota Motor Corp said global production hit a record high in November thanks to strong consumer demand, but an uncertain outlook due to a persistent shortage of semiconductors and a surge in Covid cases in China. warned.

The world’s number one car maker produced 833,104 cars last month. This is his 1.5% increase over the previous year. Global sales rose 2.9% to 796,484 units, the company said in a statement Monday.

Vehicle production reflects strong demand in regions such as North America and a recovery from a year ago when Covid infections in Southeast Asia disrupted supply chains. While plagued by parts shortages, it will also face challenges stemming from the rapid spread of COVID-19 across China.

In early November, Toyota lowered its global production target for the fiscal year ending March, but maintained a conservative profit outlook due to chip shortages.

According to a statement, Toyota’s domestic production in November decreased 3.3% year-on-year to 266,174 units, while overseas production increased 3.8% to 566,930 units. Including vehicles assembled by subsidiaries Daihatsu Motor and Hino Motors, production volume is 982,552 units and sales volume is 884,112 units.

Toyota shares rose 0.3% in Tokyo, falling only 13% this year.

Separately, Nissan Motor said global production in November fell 23% to 248,961 units from the same period last year, while sales fell 26%. Honda Motor Co.’s global production fell 12% to 325,996 units last month, falling below the same period last year for the first time in six months.

This article was optimized by the SEO Team at Clickworks SEO

Source link