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.
Russian strikes on Ukraine overnight killed at least two people and injured 15 others, including two children, Ukrainian authorities said.&nbs...
Saudi Aramco has ordered staff to evacuate its headquarters amid escalating Houthi attacks on the kingdom. Two people were killed in an attack on D...
Nigeria's first Ebola case in more than a decade may be linked to travel in Uganda, Swiss authorities said on Thursday, although the source of ...
Russia is willing in principle to resume peace talks with Ukraine and the United States in November, Kremlin aide Yuri Ushakov said after President Vladimir Putin met U.S. special envoy Steve Witkoff in St Petersburg.
Saudi Aramco has ordered staff to evacuate its headquarters amid escalating Houthi attacks on the kingdom. Two people were killed in an attack on Dammam airport, while Iran's IRGC Navy claimed strikes on seven vessels and warned the U.S. of a wider response.
Russian strikes on Ukraine overnight killed at least two people and injured 15 others, including two children, Ukrainian authorities said. Meanwhile, Russia said it had intercepted the vast majority of 630 Ukrainian drones launched towards Moscow.
Yemen's Houthis have denied targeting the holy city of Medina on Wednesday adding that they have not conducted any military operations towards Saudi Arabia either, denying earlier comments from the Saudi-led coalition in Yemen.
Georgia’s Constitutional Court in Batumi will on Wednesday hear a lawsuit seeking to ban five Georgian opposition parties, four of which collectively gained 784,820 votes (37.79 per cent) in the country’s last national elections in 2024.
Azerbaijan's economy is forecast to grow by 1.7 per cent in 2026 and 2.3 per cent in 2027, according to the International Monetary Fund (IMF), while growth across the wider Caucasus and Central Asia region is expected to slow.
As fuel prices surge nearly 37 per cent and protests over living costs turn violent, French President Emmanuel Macron is seeking fresh energy supplies and partnerships in the Gulf. But can diplomacy abroad ease mounting pressure at home?
Azerbaijan and Georgia are targeting more than $2 billion in bilateral trade as the neighbouring countries strengthen energy partnerships, expand transport links and pursue new investment opportunities.
More than 200 U.S. business leaders have joined Secretary of State Marco Rubio in Uzbekistan as Washington steps up efforts to turn closer diplomatic ties with Central Asia into trade and investment deals.
Thirty-five years after restoring independence, Azerbaijan's economy has more than tripled in real terms. Official data reveal how investment, manufacturing, private enterprise and digital development have reshaped the country's economic landscape.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment