Toyota’s global output fell for the ninth month in a row in October, primarily due to lower production in the U.S. and China. However, the automaker saw a 1.4% rise in global sales, reaching a record 903,103 vehicles for the month.
Toyota Motor’s global output fell for the ninth consecutive month in October, driven down by significant declines in production in the United States and China, though the drop was less severe compared to previous months.
The world’s largest carmaker also saw its first increase in global sales in five months, with a 1.4% rise to 903,103 vehicles, setting a record for the month of October.
On Thursday, Toyota reported producing 893,164 vehicles globally, a 0.8% decrease, compared to an 8% decline in September. Production in the United States fell by 13%, impacted by a four-month halt in the production of the Grand Highlander and Lexus TX SUVs due to an airbag issue. Production of these models resumed on 21 October, and output at the company’s Indiana plant is expected to return to normal by January.
In China, where competition from local brands remains strong, output dropped by 9%. Toyota also produced 13% fewer vehicles in Thailand due to weak demand. In Japan, which accounts for about a third of Toyota’s global output, production rose by 8%, recovering from weak figures a year ago when an accident at a supplier’s facility caused partial production halts at several plants.
In Canada and Mexico, output increased by 2% in both countries.
The production and sales figures include vehicles from Toyota's luxury Lexus brand but exclude group companies Hino (7205.T) and Daihatsu.
Toyota has signed a $2 billion deal to build a wholly-owned electric vehicle plant in Shanghai, as the Japanese automaker strengthens its position in China’s growing EV market during heightened US-China trade tensions.
An explosion at Chuo Spring Co.'s plant in Toyota, Japan, has resulted in one death and two injuries, officials reported on Thursday.
Toyota Motor sold 10.8 million vehicles in 2024, maintaining its position as the world’s top-selling automaker for the fifth consecutive year despite a 3.7% decline in global sales, the company announced Thursday.
Toyota sold 10.8 million vehicles in 2024, remaining the world’s top-selling automaker for the fifth consecutive year. However, sales in China dropped by 6.9%, and global sales fell by 3.7%, mainly due to challenges in Japan.
Toyota’s global production declined for the 10th consecutive month in November, down 6.2% year-on-year. However, the automaker saw a 1.7% increase in worldwide sales, marking the second consecutive month of growth.
U.S. President Donald Trump expressed confidence in ongoing trade talks with China on Monday, saying he was receiving positive updates from officials in London, while maintaining a firm stance on export controls and economic pressure.
The U.S. military plans to temporarily deploy around 700 Marines to Los Angeles amid ongoing unrest, a move that comes as the city awaits reinforcements from the National Guard, a U.S. official told Reuters on Monday.
UN Secretary-General António Guterres opened the Third United Nations Ocean Conference in Nice, calling on the world to stop plundering the oceans.
Undersea cables carry over 95% of intercontinental internet traffic and are critical for global telecommunications and trade. Stretching about 1.4 million kilometers beneath the oceans, these cables face rising threats from accidental damage and deliberate sabotage.
The UK aims to become a global leader in artificial intelligence rather than just a user, Prime Minister Sir Keir Starmer announced at London Tech Week.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
Israel’s military says it has identified the body of top Hamas commander Mohammed Sinwar beneath a hospital in southern Gaza.
Japanese hotelier Metaplanet aims to raise $5.4 billion to dramatically expand its Bitcoin holdings to 210,000 BTC by 2027, eyeing 1% of total supply. Shares surged 15% as it mirrors MicroStrategy's successful pivot, becoming a "Bitcoin treasury company" with a "Bitcoin Hotel" set to open in 2026.
British chip designer Alphawave is set to be acquired by U.S. semiconductor giant Qualcomm in a $2.4 billion deal, marking another major loss for the London Stock Exchange as tech firms continue shifting to U.S. markets in search of higher valuations.
A number of French companies are facing restructurings due to economic challenges, a situation that has garnered interest from hedge funds specialising in distressed debt.
Global food commodity prices experienced a notable decline in May, driven by significant drops in the cost of grains, sugar, and vegetable oils, the United Nations' Food and Agriculture Organization (FAO) reported on Friday.
Germany’s new government has launched a major program aimed at boosting investment and helping Europe’s largest economy recover after two years of decline.
U.S. President Donald Trump expressed confidence in ongoing trade talks with China on Monday, saying he was receiving positive updates from officials in London, while maintaining a firm stance on export controls and economic pressure.
The U.S. military plans to temporarily deploy around 700 Marines to Los Angeles amid ongoing unrest, a move that comes as the city awaits reinforcements from the National Guard, a U.S. official told Reuters on Monday.
UN Secretary-General António Guterres opened the Third United Nations Ocean Conference in Nice, calling on the world to stop plundering the oceans.
Undersea cables carry over 95% of intercontinental internet traffic and are critical for global telecommunications and trade. Stretching about 1.4 million kilometers beneath the oceans, these cables face rising threats from accidental damage and deliberate sabotage.
The UK aims to become a global leader in artificial intelligence rather than just a user, Prime Minister Sir Keir Starmer announced at London Tech Week.
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