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.
The global filtration manufacturer MANN+HUMMEL has announced a donation of R100 000 to the non-profit organisation Food and Trees for Africa (FTFA) to fund its projects that tackle key environmental issues, including food security, urban greening, and environmental sustainability.
Foton South Africa has extended its bakkie-offering in South Africa with the recent launch of two ranges at the top-end of the line-up.
With refreshed styling, an advanced user experience, updated design details and enhanced comfort, Volvo’s best-selling model has received upgrades that bring it in line with the manufacturer’s growing line-up of electric vehicles.
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You can't build a reputation on what you are going to do.
Henry Ford
The global filtration manufacturer MANN+HUMMEL has announced a donation of R100 000 to the non-profit organisation Food and Trees for Africa (FTFA) to fund its projects that tackle key environmental issues, including food security, urban greening, and environmental sustainability.
Volkswagen Group has delayed signing off on its multi-billion-euro investment programme, according to reports from German daily Bild.
As global industries face mounting pressure to meet rising demands for innovation, sustainability and meaningful economic contributions, Rosslyn, located north-west of Pretoria, is emerging as a transformative manufacturing hub within South Africa’s automotive landscape.
