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Home»Finance»Toyota’s global output declines for ninth straight month in October
Finance

Toyota’s global output declines for ninth straight month in October

November 28, 2024No Comments2 Mins Read
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Toyota's global output declines for ninth straight month in October
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TOKYO (Reuters) – Toyota Motor’s international output dropped for a ninth consecutive month in October, dragged decrease by massive falls in manufacturing in the US and China however the decline was gentle in comparison with earlier months.

The world’s greatest automaker additionally logged its first rise in 5 months for international gross sales, which grew 1.4% to 903,103 autos, a file for the month of October.

Toyota mentioned on Thursday it produced 893,164 autos globally, down 0.8%. That compares with an 8% fall in September.

Manufacturing in the US tumbled 13%, damage by a four-month manufacturing halt of SUV fashions Grand Highlander and Lexus TX because of an airbag difficulty. Manufacturing of the fashions resumed on Oct. 21 and output on the automaker’s Indiana plant is anticipated to return to regular in January.

In China, the place competitors towards native manufacturers stays intense, output slid 9%. Toyota additionally produced 13% fewer automobiles in Thailand amid gentle demand.

In Japan, which accounts for a few third of Toyota’s worldwide output, manufacturing climbed 8%, bouncing again from weak numbers a yr in the past when an accident at a provider’s facility led to a partial manufacturing halt at a number of vegetation.

In Canada and Mexico, output for the automaker was up 2% for each international locations.

The manufacturing and gross sales figures embrace autos from Toyota’s luxurious Lexus model however exclude group corporations Hino and Daihatsu.

(Reporting by Kantaro Komiya; Modifying by Edwina Gibbs)

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