Investing
Toyota’s global output surges to record in November on strong demand
© Reuters. A welding robot assembles bodyworks on a Yaris car at the assembly line of the Toyota Motor Manufacturing France (TMMF) plant in Onnaing near Valenciennes, France, March 30, 2023. REUTERS/Pascal Rossignol/file photo
TOKYO (Reuters) – Toyota Motor (NYSE:)’s global production jumped 11% in November to a record level, bouncing back from last year’s supply chain disruptions and benefiting from robust demand both in Japan and overseas.
Output for November climbed to 926,573 vehicles, while worldwide sales increased 14% from a year earlier when automakers globally were bedevilled by shortages of semiconductors. Both figures include Toyota’s Lexus luxury brand.
Domestic sales for the month shot 27% higher, sales in both the United States and China increased by 17%, while those in Europe climbed 15%.
The result puts the world’s largest automaker on track for global sales of more than 10 million Toyota and Lexus-branded vehicles in 2023 – also a record. Around a third of the vehicles sold far this year have been gasoline-electric hybrids.
Read the full article here
-
Side Hustles6 days ago
How to Develop Empowered Leaders Within Your Own Team
-
Side Hustles4 days ago
How to Be Unapologetically You and Why It Matters
-
Passive Income5 days ago
Are You Running Your Business, or Is Your Business Running You?
-
Investing5 days ago
7 Marketing Strategies to Help Your Startup Grow and Scale
-
Side Hustles5 days ago
How Your Body Language Can Help Win a Disagreement
-
Side Hustles5 days ago
OpenAI Raises Record $6.6 Billion, Adds 50 Million New Users
-
Make Money5 days ago
FlexJobs Report: Here’s How Workers View AI and Job Stability
-
Side Hustles6 days ago
Why the Best Time to Sell Your Business Is When You Least Expect It