Toyota Faces Declining Production but Records Sales Growth in November
Key Points Toyota's global production fell 6.2% in November, marking a 10-month decline. U.S. production dropped 11.8% despite resumed SUV manufacturing in late October. China's output fell 1.6%, with improved sales of minivans and the bZ3 electric sedan. Toyota plans to build a Shanghai plant for Lexus EVs by 2027. Japan's production declined 9.3%, partly due to plant stoppages. Global sales rose 1.7% in November, setting a new monthly record. Toyota Motor's global production declined for the 10th consecutive month...