► Subscribe to telegram channel “Ministry of Finance”: main financial news
The company has restarted after supply chain disruptions last year and thanks to strong demand both in Japan and abroad.
Production rose to 926,500 vehicles in November and global sales rose 14% from a year earlier, when automakers around the world were hit by a shortage of semiconductors. Both figures include Toyota’s luxury brand Lexus.
Domestic sales rose 27% for the month, with sales in the United States and China up 17% and Europe up 15%.
The result puts the world’s largest automaker on track to sell more than 10 million Toyota and Lexus-branded vehicles globally in 2023, also a record. About a third of cars sold this year were gasoline-electric hybrids.
Toyota shares also rose 42% over the year. On the Tokyo Stock Exchange, the cost of one share is (at the time of writing the news) 2,583 yen ($18).
Read also: Car tax: Where are the most expensive cars in Europe and where are the cheapest?
2023-12-27 12:50:00
#Toyotas #global #production #rises #record
