financetom
Business
financetom
/
Business
/
Toyota's global output rises for second month in February on solid Japan sales
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Toyota's global output rises for second month in February on solid Japan sales
Mar 27, 2025 10:00 PM

*

Toyota's ( TM ) global production, sales rose 6% y/y in February

*

Domestic production up 16%, overseas output less than 1%

higher

*

Sales in Japan rise 28%, overseas sales up 2%

TOKYO, March 28 (Reuters) - Toyota Motor ( TM ) said

on Friday its global production rose for the second consecutive

month in February, driven by higher output and stronger sales in

Japan after recovering from a certification scandal in its home

market last year.

Global output for the world's biggest automaker increased 6%

to 779,790 vehicles year-on-year, with domestic production up

16% and that in other countries growing less than 1% last month.

Toyota's ( TM ) production in North America dropped by 1%, while

car shipments from Japan to its largest market, the United

States, also declined by 1%.

The company's global revenue grew 6% in the reported month,

supported by a 28% spike in domestic sales and a 2% rise in

overseas sales.

U.S. President Donald Trump unveiled on Wednesday a 25%

tariff on imported cars and light trucks to take effect on April

3.

Trump's trade policies have sparked global uncertainty, with

investors concerned about potential supply chain disruptions,

reduced investment, and the looming threat of inflation

jeopardizing global economic growth.

In North America, Toyota's ( TM ) sales fell 7%, though the company

attributed the decline to fewer operating days and an inventory

shortage of hybrids and other vehicles, while noting that demand

for its vehicles remained strong.

The production and sales figures include its luxury Lexus

brand.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Pan Global Reports Escacena Project Drill Results
Pan Global Reports Escacena Project Drill Results
Jul 18, 2024
11:03 AM EDT, 07/18/2024 (MT Newswires) -- Pan Global Resources ( PGZFF ) on Thursday released results for three additional holes from the drill program at the Canada Honda discovery on its Escacena Project in southern Spain. The drill holes are part of an 11-hole step-out drill program at Canada Honda that started in November, with eight completed and three...
Enhabit Shareholder AREX Gains Support for Boardroom Changes from Proxy Advisory Firm
Enhabit Shareholder AREX Gains Support for Boardroom Changes from Proxy Advisory Firm
Jul 18, 2024
11:03 AM EDT, 07/18/2024 (MT Newswires) -- Enhabit ( EHAB ) shareholder AREX Capital Management said Thursday that proxy advisory firm Glass Lewis has recommended voting for three of AREX's seven director candidates at the upcoming annual stockholders' meeting on July 25. AREX said it owns a 4.9% stake in Enhabit ( EHAB ). A Glass Lewis report said the...
Hesai Technology to Provide Long-Range Lidar For Baidu Robotaxi Platform
Hesai Technology to Provide Long-Range Lidar For Baidu Robotaxi Platform
Jul 18, 2024
11:02 AM EDT, 07/18/2024 (MT Newswires) -- Hesai Technology (HSAI) said Thursday it will be the exclusive long-range lidar supplier for Baidu's ( BIDU ) Yichi 06 robotaxi platform. Based on Baidu's ( BIDU ) intentions to deploy 100,000 robotaxi vehicles in China, the deal is estimated to be worth $200 million to $300 million, Hesai ( HSAI ) said,...
Why NKGen Biotech (NKGN) Stock Is Skyrocketing
Why NKGen Biotech (NKGN) Stock Is Skyrocketing
Jul 18, 2024
NKGen Biotech Inc ( NKGN ) shares are trading higher by 25% to $1.17 Thursday morning after the company announced it will present new SNK01 biomarker data at the Alzheimer’s Association International Conference. NKGen Biotech ( NKGN ) says the data will be presented at the conference in Philadelphia and online from July 28 to August 1, 2024. The data...
Copyright 2023-2026 - www.financetom.com All Rights Reserved