Wednesday, June 19, 2024

Recovering from the conductor crisis… Toyota production rises in February

Date:

Japan – Toyota Motor Production Line

Japan’s Toyota Motor reported its global production rose 1.4 percent in February, after it recovered from disruptions caused by the semiconductor shortage crisis and the coronavirus pandemic.

Last month, Toyota, the world’s largest automaker, produced 896,712 cars.

Its global sales, including its subsidiaries Daihatsu Motor and Hino Motors, rose 10.5 percent to 856,376 units, the company said in a statement, as reported by Bloomberg.

According to the report, Toyota topped global sales of combustion engine cars just days before Lexus chief Koji Sato is set to take over as CEO of the iconic Japanese company.

Chatto is expected to lead the company into producing electric cars and vehicles based on renewable energy sources.

According to Toyota data, local sales rose 38 percent to 213,698 units, as both sales and production within Japan rose for the second month in a row on a year-on-year basis.

On the other hand, Nissan Motor saw its global production increase by 9.2 percent to 300,734 cars, while sales increased by 1.2 percent to 265,101 units.

In contrast, Honda Motor Co.’s global production fell 1.2 percent to 340,574 cars, the fourth straight month of decline.

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Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

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