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.
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.
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’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.
U.S. President Donald Trump signed an order cutting funding to Voice of America’s parent agency, forcing staff out.
Crowds in Aleppo and Damascus celebrated 14 years since the Syrian uprising that ousted Bashar al-Assad.
U.S. airstrikes on Yemen’s capital killed nine civilians as President Trump vowed to pressure Houthi rebels to halt maritime attacks.
Thousands protested in Tel Aviv, urging the government to negotiate a hostage deal and a ceasefire with Hamas.
Hundreds gathered outside the proposed site of China’s new London embassy, citing security concerns and opposition to the regime.
XPeng Motors plans to mass-produce flying cars by 2026, becoming the first company globally to do so. CEO He Xiaopeng also highlighted advancements in autonomous driving and humanoid robotics as part of the company’s future tech initiatives.
World leaders welcomed the 30-day ceasefire proposal that Ukraine has agreed to, calling it a step toward ending the conflict with Russia.
In Tuesday’s closely watched parliamentary election, Greenland’s pro-business opposition Demokraatit party took a commanding lead after over 90% of the ballots were counted.
Regarding the Armenia-Azerbaijan process, we cannot forget the years of occupation, and we will not forget them, President Ilham Aliyev said in his speech at the opening ceremony of the 12th Global Baku Forum.
BioNTech forecasts a revenue decline for 2025, expecting between 1.7 billion and 2.2 billion euros, down from 2.75 billion euros last year. This drop is due to Pfizer write-downs and stable vaccination rates. BioNTech also plans significant job cuts and new hires.
U.S. President Donald Trump signed an order cutting funding to Voice of America’s parent agency, forcing staff out.
Crowds in Aleppo and Damascus celebrated 14 years since the Syrian uprising that ousted Bashar al-Assad.
U.S. airstrikes on Yemen’s capital killed nine civilians as President Trump vowed to pressure Houthi rebels to halt maritime attacks.
Thousands protested in Tel Aviv, urging the government to negotiate a hostage deal and a ceasefire with Hamas.
Hundreds gathered outside the proposed site of China’s new London embassy, citing security concerns and opposition to the regime.
U.S. President Donald Trump signed an order cutting funding to Voice of America’s parent agency, forcing staff out.
Crowds in Aleppo and Damascus celebrated 14 years since the Syrian uprising that ousted Bashar al-Assad.
U.S. airstrikes on Yemen’s capital killed nine civilians as President Trump vowed to pressure Houthi rebels to halt maritime attacks.
Thousands protested in Tel Aviv, urging the government to negotiate a hostage deal and a ceasefire with Hamas.
Hundreds gathered outside the proposed site of China’s new London embassy, citing security concerns and opposition to the regime.
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