Toyota’s November Global Vehicle Production Rises
Toyota’s November Global Vehicle Production Rises. Here is good news in the auto industry: Toyota Motor Corp reported on Monday a 1.5% rise in November global vehicle production. Whereby Toyota reached a new record of 833,104 units of vehicles.
Global sales and production in November increased last year’s levels due to more demand.
The auto manufacturer reported it expected to produce 700,000 vehicles in January this month. Moreover, it held to a reduced goal of 9.2 million in the year through March.
Toyota had earlier expected to produce 9.7 million vehicles this financial year. However, Toyota was forced to lower the production expectation in November as it is facing a rise in materials costs and a shortage of semiconductors. Moreover, this target for the production of vehicles is still ahead of last year’s manufacturing of about 8.6 million units.
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