• Toyota Motor Corp TM said it global vehicle production for August up 44.3% to 766,683 units.
  • Global production in August, which also includes Daihatsu and Hino, rose 39.5% year-on-year to 885,812 units.
  • Global sales for the month improved 3.8%. Revenue exceeded prior-year levels both globally and overseas due to a sales slump caused by the spread of COVID-19 last year, mainly in Asia.
  • Related: Toyota cuts production in October as supply chain problems continue
  • The update is a relief for the Japanese automaker as it moves towards a Target of 9.7 million Units in fiscal year 22.
  • also read: Toyota aims to start selling small electric sedans in China by the end of 2022
  • TM plans to carefully monitor the parts supply situation and minimize sudden production declines as much as possible as the situation remains difficult to predict due to semiconductor shortages and COVID-19.
  • Price promotion: TM shares closed up 0.85% at $136.89 on Wednesday.
  • Photo via Wikimedia Commons

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