Reported 9 months ago
Toyota's global production decreased by 4% in May, marking the fourth consecutive month of decline, with a significant 22% drop in China due to increased competition from local brands and a fierce price war in the market. Despite lower production in other countries like Thailand, Mexico, Brazil, and France, the U.S. and Japan witnessed output growth. Toyota's worldwide sales only rose by 0.3%, with increased sales in the U.S. and Europe compensating for the decline in Japan and China. The report also includes data on the luxury brand Lexus.
Source: YAHOO