JOURNAL ARTICLE

Toyota Sales Stagnate as Factory Glitches Compound Weaker Demand.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Takahashi, Nicholas 3 of 3

Abstract

Toyota Motor Corp.'s global sales remained stagnant in November, with vehicle sales totaling 984,348 units, down 0.2% from the previous year. Production also decreased by 9.4% to 966,921 units due to factory glitches. The company faces challenges from intense competition in hybrid cars in the US, electric vehicles in China, and regulatory issues leading to output cuts. Toyota's dominance in markets like Southeast Asia is being challenged by Chinese competitors, while new rivals like Honda and Nissan could pose a threat in the future. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/12, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2024
  • Accession Number:181846071
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