Toyota car production has reached new high
2022.12.26 00:08
Toyota car production has reached new high
Budrigannews.com – Toyota Motor Corporation On Monday, Corp. said that global vehicle production in November increased by 1.5% to a new record high of 833,104.
While overseas production rose 3.8 percent to an all-time high of 566,930 vehicles for the month, domestic production fell 3.3% to 266,174 vehicles.
According to Toyota, strong demand, particularly in North America, and a recovery in parts supplies that had been impacted by COVID-19 slowdowns contributed to November’s global sales and production exceeding levels of the previous year.
The automaker stated earlier this month that it maintained its revised goal of 9.2 million vehicles for the year through March and expected to produce 700,000 vehicles in January.
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In November, Toyota was forced to lower its goal of producing 9.7 million automobiles this fiscal year due to rising material costs and a shortage of semiconductors.
That is still more than the 8.6 million units produced the previous year.
