TOKYO (Reuters) – Japan’s Toyota Motor Co mentioned on Friday its car gross sales rose by 10.1% final yr, making it the world’s biggest carmaker for a second straight yr and placing it additional forward of its nearest rival, Germany’s Volkswagen AG.
The carmaker mentioned gross sales have been 10.5 million automobiles in 2021, together with these by associates Daihatsu Motors and Hino Motors.
That compares with 8.9 million https://www.reuters.com/enterprise/autos-transportation/volkswagen-sees-81-sales-drop-2021-just-under-49-million-vehicles-2022-01-12 delivered by Volkswagen in the identical interval, 5% fewer than in 2020 and its lowest gross sales figures in 10 years.
Carmakers have been pressured to chop output as a result of a scarcity of semiconductors through the coronavirus pandemic disrupted provide chains, boosting competitors for the important thing part amongst makers of shopper digital gadgets.
However, the Japanese firm has weathered the pandemic higher than most different carmakers as a result of its dwelling market, Japan, and elements of Asia, have been much less affected than Europe.
Toyota, which releases third-quarter earnings on Feb 9, has mentioned it’s more likely to fall wanting a manufacturing goal of 9 million automobiles within the enterprise yr that ends on March 31 due to disruptions linked to COVID-19.
(Reporting by Tim Kelly and Maki Shiraki; Editing by Clarence Fernandez)
