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Toyota's ( TM ) global production, sales rose 6% y/y in February
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Domestic production up 16%, overseas output less than 1%
higher
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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.