/images/ppid_59c68470-image-176664252547259476.webp)
/images/ppid_59c68470-image-176663503071674055.webp)
/images/ppid_59c68470-image-176663502589840709.webp)
What is the story about?
Toyota, one of the world's largest automakers, is facing a challenge as its sales and production declined in November, largely due to a significant decline in China, where the nation has discontinued subsidies intended to increase sales of electrified and fuel-efficient vehicles.
Toyota's China Problem
China and Japan have been embroiled in diplomatic tensions since November, when Prime Minister Sanae Takaichi made comments on Taiwan that infuriated Asia's largest economy. In response, China issued a warning to its people not to visit Japan.
The Japanese automaker reported on Thursday that global sales, including at subsidiaries Daihatsu Motor Co. and Hino Motors Ltd., decreased 1.9% from the same period last year to 965,919 units. 934,001 automobiles were produced, a 3.4% decrease.
Also Read:China’s Yuan surpasses past 7 per dollar for the first time since September 2024 after
Sales of the Toyota and Lexus brands in China dropped 12% in November, according to the business, which cited the termination of trade-in subsidies in large cities due to a lack of funding.
Global Auto Sector's 'Knocking' Problems
In addition to that, last month, Toyota's output increased by 15% in Thailand and 9% in the US, but it decreased by 14% in China, 9.7% in Japan, and 7.9% in the UK.
President Donald Trump has been targeting the company as he gets ready to impose high tariffs on automobiles and auto parts that are imported into the US. Trump claimed earlier this month that he was opening the door for the production and sale of lightweight "kei" cars from Asia in the US, despite the fact that these vehicles do not yet adhere to federal safety regulations.
As global auto behemoths navigate a world of trade tensions, regulatory changes, and uncertain economic outlooks, they are facing increased unpredictability. The industry's attempt to strike a balance between robust long-term demand and immediate economic and policy challenges is reflected in Toyota's performance.
Toyota's China Problem
China and Japan have been embroiled in diplomatic tensions since November, when Prime Minister Sanae Takaichi made comments on Taiwan that infuriated Asia's largest economy. In response, China issued a warning to its people not to visit Japan.
The Japanese automaker reported on Thursday that global sales, including at subsidiaries Daihatsu Motor Co. and Hino Motors Ltd., decreased 1.9% from the same period last year to 965,919 units. 934,001 automobiles were produced, a 3.4% decrease.
Also Read:China’s Yuan surpasses past 7 per dollar for the first time since September 2024 after
Sales of the Toyota and Lexus brands in China dropped 12% in November, according to the business, which cited the termination of trade-in subsidies in large cities due to a lack of funding.
Global Auto Sector's 'Knocking' Problems
In addition to that, last month, Toyota's output increased by 15% in Thailand and 9% in the US, but it decreased by 14% in China, 9.7% in Japan, and 7.9% in the UK.
President Donald Trump has been targeting the company as he gets ready to impose high tariffs on automobiles and auto parts that are imported into the US. Trump claimed earlier this month that he was opening the door for the production and sale of lightweight "kei" cars from Asia in the US, despite the fact that these vehicles do not yet adhere to federal safety regulations.
As global auto behemoths navigate a world of trade tensions, regulatory changes, and uncertain economic outlooks, they are facing increased unpredictability. The industry's attempt to strike a balance between robust long-term demand and immediate economic and policy challenges is reflected in Toyota's performance.
/images/ppid_a911dc6a-image-176663906865166099.webp)
/images/ppid_a911dc6a-image-176663903839813640.webp)
