Toyota Motor Corp plans to produce about 10.3 million vehicles globally in 2024, breaking its record annual production for the second consecutive year, the Nikkei reported.
Toyota is preparing to increase production thanks to strong sales of hybrid vehicles. The shortage of automotive semiconductors and other components is also easing, the Nikkei says.
For the calendar year to December, the world's biggest automaker by sales aims to produce 3.4 million vehicles in Japan and 6.9 million overseas, the report said. The figures include its luxury Lexus brand.
The report was not something the company had announced, a Toyota spokesperson said without commenting further.
Toyota will target an annual output of over 10.5 million vehicles, Nikkei says. It added that the company set electric vehicle production levels at approximately 250 000 vehicles in 2024 and 600 000 units in 2025.
Toyota produced 9.2 million vehicles during the first 11 months of 2023, it said last month. Around a third of the vehicles it sold worldwide over that period were gasoline-electric hybrids.
General Motors has patented innovative technology that could transform how families approach one of their most difficult conversations: when an elderly relative should stop driving.
Electric vehicles are older than many people realise. In the late nineteenth century, battery electric cars were common in cities because they were quiet, clean and easy to drive compared to petrol cars that needed hand cranking.
Toyota South Africa Motors (TSAM) announced the introduction of the Toyota Hiace PWD (Persons with Disabilities) model, a people-mover that puts accessibility at the heart of mobility.
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I always do like seeing other people dance in their cars. It's one of the things that makes me happy.
Ariel Gore
General Motors has patented innovative technology that could transform how families approach one of their most difficult conversations: when an elderly relative should stop driving.
Toyota South Africa Motors (TSAM) announced the introduction of the Toyota Hiace PWD (Persons with Disabilities) model, a people-mover that puts accessibility at the heart of mobility.
South Africa will leverage the Intra-African Trade Fair (IATF) 2025 in Algiers, Algeria, from 4 to 10 September to cement its position as Africa's automotive manufacturing leader.
