Toyota Global Production Down For 10th Month Despite Rising Sales

In November, Toyota experienced its tenth consecutive month of declining global production. The automotive giant’s output dropped by 6.2% compared to the same period last year. This prolonged decline reflects ongoing challenges in the global automotive industry, including supply chain disruptions and fluctuating market demands.

U.S. Production Woes and Recovery

Toyota’s production in the United States saw a significant decrease, falling by 11.8%. Despite this sharp drop, there was a silver lining as the company resumed production of two key models: the Grand Highlander and the Lexus TX SUV. These vehicles are crucial for Toyota’s presence in the competitive SUV market.

Improvement in China

In China, Toyota’s production decline showed signs of improvement. The November production fell by 1.6%, a noticeable recovery from the previous month’s 9% drop. This improvement suggests that Toyota is beginning to stabilize its operations in the world’s largest automotive market.

Future Plans for Lexus in China

Looking ahead, Toyota has ambitious plans to enhance its footprint in China. The company announced its intention to build an independent plant in Shanghai…