economy and politics

Toyota hits record global production in November as supply shortage eases

Toyota

Image: Kyodo News


Toyota Motor Corp. announced Monday that its world production November increased by 1.5% compared to the previous year, up to 833,104 vehicles, which is a historical record for that month.

While four other Japanese automakers, including Nissan Motor Co. and Honda Motor Co., posted declines due to the auto parts supply chain crisis caused by the COVID-19 outbreak in China and other factors, Toyota posted an increase for the fourth month in a row, saying the supply problem for the company had eased.

Toyota production abroad rose 3.8% to 566,930 units, a record for November, with North American production up 5.9%. But production in China fell 11.1% due to parts shortages.

Global production of the eight major Japanese automakers, including Toyota, fell 4.3% to 2.1 million units, according to data released by the companies.

Honda’s production fell 12.2% to 325,996 units as it had to temporarily halt operations at its factory in the central Chinese city of Wuhan due to the spread of the coronavirus.

Nissan was hit by semiconductor supply shortages, with its output falling 22.8 percent to 248,961 units, down for two consecutive months, according to the company.

Suzuki Motor Corp. posted a production increase of 4.9% to 271,569 units, thanks to an increase in production in India.

Meanwhile, Toyota’s domestic output fell 3.3% to 266,174 units as persistent semiconductor shortages slowed production of new units, down 2.0% to 726,648 out of eight. car manufacturers.

Domestic production at Mitsubishi Motors Corp. and Mazda Motor Corp. also declined from a year earlier.

Global sales of the eight automakers fell 3.6% last month from a year earlier, to 1.89 million units.



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