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.
The drop was largely due to a sharp sales decline in Japan, where Toyota faced governance issues related to certification test procedures, particularly at its Daihatsu subsidiary. Sales of Toyota’s parent-only vehicles, including Lexus, fell 1.4% to 10.2 million, while unit sales in China dropped 6.9% amid intensifying price competition.
Despite these challenges, Toyota benefited from strong demand for hybrid vehicles, especially in the United States. Gasoline-electric hybrids accounted for 40.8% of its parent-brand sales, a record high, while battery electric vehicles made up 1.4%.
Toyota’s closest competitor, Volkswagen Group, reported sales of just over 9 million vehicles in 2024, marking a 2.3% decline, as it navigates cost-cutting measures and a competitive market in China.
Iran and Russia held a meeting in Tehran between their special representatives for the Caspian Sea issues focusing on environment protection and promo...
At least 19 people were killed and 16 injured as two buildings collapased in Morocco's Fes city according to the state news agency....
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 10th of December, covering the latest developments you need to...
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are pres...
Artillery fire and ground skirmishes have erupted this week along the disputed border between Thailand and Cambodia, shattering a fragile ceasefire an...
Japanese automaker Toyota announced on Wednesday that it will manufacture its new battery electric vehicle (BEV) at its plant in Kolín, Czechia — the company’s first all-electric model to be produced in Europe.
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 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.
Scores of demonstrators gathered outside the Norwegian Nobel Institute in Oslo Tuesday (9 December) to protest against the awarding of this year’s Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado.
Authorities in Japan lifted all tsunami warnings on Tuesday following a strong 7.5-magnitude earthquake that struck off the northeastern coast late on Monday, injuring at least 30 people and forcing around 90,000 residents to evacuate their homes.
Pressure is mounting between Venezuela and the United States as both nations emphasise military preparedness and strategic positioning.
Tehran has protested to Washington because of the travel ban on its football team delegation as well as Iranian fans who would like to travel to the United States for the upcoming World Cup matches in 2026.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
At least 19 people were killed and 16 injured as two buildings collapased in Morocco's Fes city according to the state news agency.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 10th of December, covering the latest developments you need to know.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
Artillery fire and ground skirmishes have erupted this week along the disputed border between Thailand and Cambodia, shattering a fragile ceasefire and displacing tens of thousands of civilians in the worst outbreak of violence between the neighbours in years.
The United Nations Security Council has issued warnings about the rapidly worsening humanitarian crisis in Ukraine, citing a sharp surge in civilian casualties amidst Russia's intensified aerial attacks, marking the deadliest period of the war in more than a year.
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