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 suggested it would be "unreasonable" to proceed with talks to forge a permanent peace d...
Iranian officials have criticised ceasefire violations by Isreal and U.S., citing Israeli airstrikes on Lebanon...
At least four people died after a small dinghy carrying migrants to Britain sank in the English Channel, French authorities announced on Thursday....
Memorial events were held in Tehran’s main squares on Wednesday (8 April) to mark the 40th day since the ...
North Korea has tested a new cluster-bomb warhead mounted on a tactical ballistic missile, alongside advanced electromagnetic and infrastructure-ta...
Major automakers showcased new electric vehicles at the New York Auto Show this week, under the slogan “electrification is the future." However, weakening demand in the United States and intense competition with China are raising questions for markets across the globe, including the South Caucasus.
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.
China and Russia vetoed a United Nations Security Council resolution on Tuesday aimed at coordinating defensive efforts to protect commercial shipping in the Strait of Hormuz, leaving no agreed international framework for securing the vital route.
Lebanon’s Hezbollah said it had stopped firing on northern Israel and Israeli forces on Wednesday as part of a two-week ceasefire in the Middle East brokered between the United States and Iran. However, a Hezbollah lawmaker warned that the pause could collapse if Tel Aviv does not adhere to it.
Pakistan’s Prime Minister Shehbaz Sharif said Iran and the United States, along with their allies, have agreed to an immediate two-week ceasefire covering all areas, but Israel says the deal excludes Lebanon. Tel Aviv says the U.S. is committed to achieving shared goals in upcoming negotiations.
Recent U.S. complaints about NATO allies and threats to quit the alliance are pushing European countries to seek alternative security arrangements, Spanish Foreign Minister Jose Manuel Albares said on Tuesday.
Construction has begun on a major new solar power project in Xizang, as China continues to expand its renewable energy capacity and push towards a greener future.
At least four people died after a small dinghy carrying migrants to Britain sank in the English Channel, French authorities announced on Thursday.
North Korea has tested a new cluster-bomb warhead mounted on a tactical ballistic missile, alongside advanced electromagnetic and infrastructure-targeting weapons, in a significant escalation of its military capabilities.
A barrage of Russian drones targeted and damaged a critical power substation in Ukraine's southern Odesa region on Wednesday, Ukrainian officials confirmed.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 9 April, covering the latest developments you need to know.
Greece will ban access to social media for children under 15 from 1 January 2027, Prime Minister Kyriakos Mitsotakis said on Wednesday, citing rising anxiety, sleep problems and the addictive design of online platforms.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment