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Toyota's global output falls for a fourth month in February on model change

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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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.

7 hours ago·United Kingdom

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