Toyota Cuts 2024 Global Output Forecast to 9.8 M. Units
Tokyo, Aug. 8 (Jiji Press)--Toyota Motor Corp. has lowered its projection for global production of vehicles under its Toyota and Lexus brands in 2024 to around 9.8 million units from the initial 10.3 million units, it was learned Thursday.
The downward revision comes in response to production halts following vehicle testing scandals and recalls in the Toyota group. Toyota's annual global output is now seen falling for the first time since 2020, when the COVID-19 pandemic was raging.
(2024/08/08-21:26)
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