Toyota’s global production has achieved an all-time annual high with one month remaining in 2023, supporting the company’s often criticized strategy of not emphasizing the sale of pure electric vehicles, the Financial Times’ Kana Inagaki reports, citing production numbers. From January to November, worldwide production jumped 11% from a year earlier to 9.23M vehicles, amid strong demand in Toyota’s core markets, including the U.S. and Europe.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TM:
- Toyota’s Daihatsu to compensate suppliers over output halt, Reuters says
- Toyota recalls certain 2020-2022 Toyota and Lexus vehicles regarding sensors
- EU new car registrations up 6.7% in November
- Toyota (NYSE:TM) Plans to Increase Its EV Sales in Europe
- Toyota halts some Tianjin operations after report of weak sales, Reuters says
