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Toyota’s world output surges to file in November on robust demand By Reuters



© Reuters. A welding robotic assembles bodyworks on a Yaris automotive on the meeting line of the Toyota Motor Manufacturing France (TMMF) plant in Onnaing close to Valenciennes, France, March 30, 2023. REUTERS/Pascal Rossignol/file picture

TOKYO (Reuters) – Toyota Motor (NYSE:)’s world manufacturing jumped 11% in November to a file stage, bouncing again from final 12 months’s provide chain disruptions and benefiting from sturdy demand each in Japan and abroad.

Output for November climbed to 926,573 automobiles, whereas worldwide gross sales elevated 14% from a 12 months earlier when automakers globally have been bedevilled by shortages of semiconductors. Each figures embrace Toyota’s Lexus luxurious model.

Home gross sales for the month shot 27% increased, gross sales in each america and China elevated by 17%, whereas these in Europe climbed 15%.

The outcome places the world’s largest automaker on observe for world gross sales of greater than 10 million Toyota and Lexus-branded automobiles in 2023 – additionally a file. Round a 3rd of the automobiles offered far this 12 months have been gasoline-electric hybrids.



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