Toyota Posts Rare Sales Drop in November, Dragged Down by China
MINT·2025-12-25 04:53

Toyota Motor Corp.’s sales and production fell in November, weighed down in large part by a sharp drop in China as the country discontinues subsidies meant to boost the sales of electric and fuel-efficient cars.Global sales — including at subsidiaries Daihatsu Motor Co. and Hino Motors Ltd. — fell 1.9% in the period from a year earlier to 965,919 units, the Japanese carmaker said Thursday. Production shrank 3.4% to 934,001 vehicles.Global automakers are facing greater uncertainty as they navigate an environ ...