Toyota’s world manufacturing down for tenth month regardless of gross sales rise

TOKYO (Reuters) – Toyota Motor’s world manufacturing fell for the tenth consecutive month in November, the Japanese automaker stated on Wednesday, at the same time as its world gross sales rose for the second consecutive month because of stable demand in america and in China.

The world’s largest automaker manufactured 869,230 automobiles worldwide in November, down 6.2% from the identical month final yr, a bigger decline than October’s 0.8% drop .

Toyota’s U.S. manufacturing fell 11.8%, marking a gradual restoration, though manufacturing of the Grand Highlander and Lexus TX SUV fashions resumed in late October after a four-month shutdown.

Chinese language manufacturing fell 1.6%, higher than the earlier month’s 9% drop, as Toyota noticed increased native gross sales of its Granvia and Sienna minivan fashions and the collectively developed bZ3 electrical sedan. with BYD.

Going through the rise of BYD and different Chinese language manufacturers, Toyota has determined to construct an impartial manufacturing facility in Shanghai and begin making electrical vehicles for its Lexus luxurious model from round 2027, the Nikkei newspaper reported Monday. .

In Japan, which accounts for a few third of Toyota’s world output, manufacturing fell 9.3% in November, partly because of a two-day manufacturing stoppage at its Fujimatsu and Yoshiwara vegetation.

Toyota noticed its world gross sales improve for a second consecutive month, by 1.7% to 920,569 automobiles, setting a brand new file for the month of November.

Between January and November, Toyota’s world manufacturing was 5.2% decrease than the identical interval final yr, at round 8.75 million automobiles, whereas world gross sales fell by 1.2 %.

Manufacturing and gross sales figures embrace automobiles from Toyota’s Lexus model however exclude these from group firms Hino and Daihatsu.

(Reporting by Kantaro Komiya; Modifying by Raju Gopalakrishnan)