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.
Toyota Motor's global production decreased by 6.2% in November, reaching 869,230 vehicles, marking a larger decline than the previous month. Despite this, the company’s global sales rose by 1.7%, reaching 920,569 vehicles, setting a new November record. The growth was driven by solid demand in the U.S. and China.
In the U.S., Toyota’s production fell by 11.8%, though production of the Grand Highlander and Lexus TX SUV models resumed after a four-month stoppage. In China, production dropped by 1.6%, an improvement over the previous month's 9% decline, bolstered by higher sales of the Granvia and Sienna minivan models, as well as the electric sedan bZ3, developed with BYD.
In Japan, production was down 9.3%, partly due to a two-day production halt at its Fujimatsu and Yoshiwara plants. Meanwhile, Toyota plans to establish a new plant in Shanghai to manufacture electric vehicles for its Lexus brand by 2027, amid increasing competition from BYD and other Chinese brands.
For the year-to-date period, Toyota's global output was 5.2% lower, with sales down by 1.2%, but the automaker remains focused on recovery and expansion in key markets.
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 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.
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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.
UK car production fell to its lowest level in nearly 70 years in 2024, as the industry struggles with weak demand and transitions to electric vehicles, with further disruptions expected if tariffs are imposed by the U.S.
The World Bank Group has approved a new Country Partnership Framework for Azerbaijan, outlining strategic priorities to support the country's transition to a more competitive and sustainable economy, focusing on productivity, job creation, and climate resilience.
NASA's asteroid samples have revealed organic compounds, including amino acids and nucleobases. Scientists say these findings are proof that asteroids may have helped seed early Earth.
Georgian Prime Minister Irakli Kobakhidze and Armenian Prime Minister Nikol Pashinyan discussed regional stability, economic ties, and the upcoming 14th Meeting of the Intergovernmental Commission for Economic Cooperation, emphasizing the importance of deepening bilateral relations and peace.
The Council today adopted a decision extending the mandate of the European Union Mission in Armenia (EUMA) for a further two years, until 19 February 2027.
The State Oil Company of Azerbaijan (SOCAR) has started the transit of crude oil from Kazakhstan's Kashagan field through the Baku-Tbilisi-Ceyhan (BTC) oil pipeline.
The EU aims to collaborate with Trump to address China's "non-market policies," as trade tensions rise. It is also considering protective measures to shield key industries from foreign competition.
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