Global News Desk:
On Wednesday, Toyota Motor of
Japan reported a 7 percent year-on-year increase in global vehicle production
for January. This marks the 13th consecutive month of growth, attributed to
robust demand in the United States.
Output for January increased to
740,332 vehicles, while worldwide sales rose about 11 percent from a year
earlier as growth in overseas markets such as the United States made up for
declining sales in Japan. Both figures include the luxury Lexus brand.
US sales for the month surged 23
percent while those in Europe gained 2 percent, offsetting a sharp 14 percent
drop in domestic sales.
While sales in China jumped 39
percent, the rise was partly due to dealers selling cars on more days than last
year due to Chinese New Year-related calendar changes. Toyota said competition
in China continued to intensify.
Almost two-fifths of the vehicles
the world's largest automaker by volume sold in January were gasoline-electric
hybrids.(News Source By The Daily Star)
