Toyota Motor Corporation announced on Thursday a noteworthy rebound in its global production levels, marking the first increase in a year, primarily driven by robust growth in its domestic manufacturing operations in Japan.
In January, Toyota’s overall production climbed by six percent year-over-year, reaching a total of 781,729 vehicles. This increase was largely attributed to a significant 22 percent rise in domestic production, which offset declines in international facilities.
Within North America, Toyota recorded a three percent increase in production during January. This growth was supported by enhanced output from its Mexican operations, which mitigated reductions experienced in the United States and Canada over the same period.
On the sales front, Toyota reported minimal fluctuations globally. A 13 percent uptick in local sales bolstered overall performance, balancing out a 14 percent dip in China and a slight one percent decrease in the United States.
The company highlighted that demand for its vehicles in North America remained robust, even in the face of challenging weather conditions, such as significant snowfall in January.
It is important to note that the production and sales figures encompass both standard and luxury vehicle lines.
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