BusinessNews

Toyota’s Global Production Slumps as Certification Scandal and Price Wars Impact Output

Tokyo – Toyota, the world’s largest automaker, faced a significant setback in June, with its global production dropping for the fifth consecutive month. The company’s output fell by 12.9% to 795,862 vehicles, marking the steepest decline since December 2022. This decline was driven by severe challenges in both its domestic market and China. In Japan, Toyota’s production saw a dramatic…
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