Toyota Global Production Climbs 14.4%
November 27, 2007
The Toyota Motor Corp. earlier announced that its global production climbed 14.4 percent in October, giving the automaker a better edge to overtaking General Motors Corp, the largest auto manufacturer worldwide.
The Japanese automaker said that its global production increased to 905,264 vehicles in October, while its domestic output rose 11 percent to 491,902 vehicles. Toyota's global sales totaled 7.05 million vehicles in the first nine months of this year, short of 7.06 million vehicles sold by Detroit-based General Motors for the same period, according to official figures from the companies.
According to analysts in the industry, it is only a matter of time before Toyota overtakes General Motors. In the midst of escalating gasoline prices, Toyota’s fuel-efficient product lines are gaining popularity around the globe.
But it is not just Toyota which yields such increase in global production last October. Four other major Japanese automakers also reported overall production increase for the month, reported The Detroit News.
The Honda Motor Co. set a company record for monthly production in October, with global output growing 12.5 percent to 363,532 from the same month in 2006. The remarkable performance came as production outside of Japan soar 21.3 percent to 242,947 vehicles, while domestic production dropped 1.8 percent to 120,585.
To note, the second-largest Japanese automaker posted monthly output records in North America, up 9.6 percent to 134,428 vehicles, and in China, up 23.3 percent to 40,886 units.
Nissan Motor Co. said that its global production surged 16.3 percent to 341,036 vehicles. Nissan, 44 percent owned by Renault SA of France, reported a 19.1 percent rise in overseas output to 228,338 units. In the U.S., Nissan's production rose 3.8 percent to 75,313 vehicles, boosted by an increase in production of the Altima model.
Japan's third-largest automaker said its domestic output increased 10.9 percent to 112,698 units, with rises in the output of the Infiniti G35 sedan, G37 coupe and new Rogue models.
Mitsubishi Motors Corp. said that its global production rose 14.8 percent to 124,136 vehicles. The automaker added overseas output rose 23 percent, and domestic production climbed 10.1 percent.
Mazda Motor Corp., the Hiroshima-based automaker, said that global production climbed 7.6 percent to 118,769 vehicles. A 10.9 percent increase in domestic output offset a 3.1 percent decline in overseas output. Mazda, an affiliate of the American Ford Motor Co., said its overseas production totaled 25,467 vehicles, with popular models including the Mazda6, BT-50 and Mazda3.
As the Japanese automakers auto parts quality continues to fetch positive feedback, it is expected that they will enjoy increased global production. And the automakers are constantly enhancing their engines, catalytic converter, accessories, and other auto parts accessories to make the increase continuous.
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