Toyota suffers second straight output fall

November 26, 2010

, TOKYO, Nov 26 – Japanese auto giant Toyota Motor said Friday its worldwide production fell for the second straight month in October as sales at home slowed, while its rivals reported an increase in output.

Global production, excluding output by its Daihatsu and Hino subsidiaries, dropped 13.6 percent from a year earlier to 613,169 units, the world\’s largest carmaker said.

Domestic output fell 22.4 percent to 237,089 last month on the expiration of government incentives for buyers as sales in Japan plunged 24.7 percent to 103,672 in the month, Toyota said.

Honda Motor separately said its worldwide production rose 1.4 percent to 305,406, marking an 11th consecutive year-on-year increase.

Honda\’s domestic production, however, fell 0.8 percent, the first decline in 10 months as sales at home dropped 29.2 percent to 37,745.

Nissan Motor\’s global output rose 11.6 percent to 363,227 while production at home fell 12.0 percent to 87,215 as domestic sales fell 24.1 percent to 33,626.


Latest Articles

Stock Market

Most Viewed