TOKYO, July 30 (Reuters) - Toyota's ( TM ) global
production tumbled in June, down for a fifth straight month with
the automaker hit hard by a certification scandal in its home
market and a fierce price war in China.
Output worldwide for Japan's biggest automaker slid 12.9% to
795,862 vehicles, the sharpest decline since December 2022.
In its home market, output plunged 18.8% after the transport
ministry found irregularities in applications by Toyota ( TM ) and
other automakers to certify certain models in a widening of an
auto safety scandal.
In China, where domestic electric vehicle makers like BYD
have rapidly gained market share and have
aggressively cut prices, production fell 21.7% - marking the
fifth month in a row where Toyota's ( TM ) output has declined by 20%
or more.
Production in North America fell 6.2% while in Europe it
dropped 6.6% due to fewer production days compared to last year.
Toyota's ( TM ) worldwide sales fell 5.1% during the month, hurt by
declines in Japan and China.
The automaker is due to report first-quarter financial
results on Thursday. It is expected to log a 21% rise in
operating profit from a year earlier to 1.35 trillion yen ($8.7
billion), according to an LSEG consensus estimates from six
analysts, helped by a weaker yen and robust demand for hybrid
vehicles in the United States.
During the first six months of this year, the automaker's
global production fell 5% while worldwide sales dipped 0.9%.
Both sales and production figures include the luxury Lexus
brand.
($1 = 154.0800 yen)