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Toyota's Global Vehicle Production Rose up

Toyota Motor Corp stated this Monday a rise of 1.5% in November global production and output,reaching a record of 833,104.In fact,local production fell from 3.3% to 266,174 vehicles,while overseas output rose 3.8% to an all-time high of 566,930 for the month.

Global sales and production in November exceeded last year's levels due to solid demand, particularly in North America, and a recovery in parts supplies that had been impacted by COVID-19 slowdowns, Toyota said.

The automaker reported earlier this month it expected to produce 700,000 vehicles in January and held to a reduced goal of 9.2 million in the year through March.

Toyota had previously anticipated to make 9.7 million vehicles this fiscal year, but was forced to lower the target in November as it struggles with rising materials costs and a shortage of semiconductors.

That's still ahead of last year's production of about 8.6 million units.

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