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Japanese company Toyota Motor Corp sold 10.5 million cars in 2022, thus maintaining its title as the world’s best-selling automaker for the third consecutive year. This was reported
This was reported by Reuters, citing the company’s statement, Ukrinform reports.
The group’s global sales, including Hino Motors’ truck division and small car maker Daihatsu, fell 0.1% as record overseas sales of 8.6 million vehicles helped cut the domestic market’s 9.6% decline to 1.9 million.
Second-ranked rival Volkswagen Group reported its lowest sales in a decade at 8.3 million vehicles earlier this month as China’s COVID-19 lockdown restrictions and the war in Ukraine weakened its supply chains.
The agency said that while some chip-related supply constraints remain for Toyota, strong demand in Asia, increased production capacity and optimization in Asia and North America helped it increase global production by 5% in 2022.
In November, Toyota revised its production forecast for the current fiscal year to 9.2 million vehicles from 9.7 million by the end of March.
As reported by Ukrinform, Toyota, St. It completely ceases the production of cars at its plant in St. Petersburg.
Source: Ukrinform
I’m Maurice Knox, a professional news writer with a focus on science. I work for Div Bracket. My articles cover everything from the latest scientific breakthroughs to advances in technology and medicine. I have a passion for understanding the world around us and helping people stay informed about important developments in science and beyond.
