US EditionToyota's global output falls for a fourth month in February on model change
Toyota's output dropped 3.9% to 749,673 vehicles in February, impacted by RAV4 production shifts and weaker markets in China and Japan, the company said.
- Toyota Motor Corp reported global production fell 3.9% to 749,673 vehicles in February, marking the fourth consecutive month of decline for the world's largest automaker by volume.
- Production weakened in Canada as Toyota transitioned manufacturing from the old to the new RAV4 SUV model, significantly impacting overall output figures.
- Output dropped 46.2% in Canada, 11.5% in China, 2.6% in Japan, and 20.4% in the Middle East, while rising 3.4% in the United States to 110,978 vehicles.
- Global sales declined 3.3% to 737,134 vehicles, though United States sales grew 3.2% to 180,950 units on strong hybrid vehicle demand.
- Slowing production in China and Japan reflects intensifying competition and fewer working days during the Lunar New Year holidays, Toyota reported.
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Times of India
The Economic TimesToyota Motor output slips for fourth straight month in February as model revamp bites
Toyota's global production dropped for the fourth straight month in February. This decline was mainly due to lower output in Canada as the company transitioned to the new RAV4 model. Overall vehicle production saw a decrease compared to the previous year. Despite strong demand, the production switch impacted numbers.
Toyota's global output falls for a fourth month in February on model change
Toyota Motor said on Monday global production fell for a fourth successive month in February, dragged down by weaker output in Canada as the automaker changed production from the old to the new RAV4 sport utility vehicle.
Toyota's global February output falls 3.9% amid China and Japan slowdowns
On the Dash: Toyota’s global output fell 3.9% to 749,673 vehicles, marking four straight months of production declines. U.S. sales increased 3.2% to 180,950 units, driven by strong demand for hybrids despite broader global softness. China remains a pressure point, with production down 11.5% and sales down 13.9%. Toyota reported Monday that its global output declined 3.9% year over year in February to 749,673 vehicles, marking the fourth consec…
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