TOKYO – Toyota Motor Corp reported on Monday a 1.5-percent rise in November global vehicle output, reaching a new record of 833,104.
Domestic production slid 3.3 percent to 266,174 vehicles, while overseas output rose 3.8 percent to an all-time high of 566,930 for the month.
Global sales and production in November exceeded last year’s levels due to solid demand, particularly in North America, and a recovery in parts supplies that had been impacted by COVID-19 slowdowns, Toyota said.
The automaker reported earlier this month it expected to produce 700,000 vehicles in January and held to a reduced goal of 9.2 million in the year through March.
Toyota had previously expected to make 9.7 million autos this fiscal year, but was forced to lower the target in November as it struggles with rising materials costs and a shortage of semiconductors.
That’s still ahead of last year’s production of about 8.6 million units.
Read Next
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.
For feedback, complaints, or inquiries, contact us.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
