Toyota Reports Mixed January Results Amid Test Data Scandals and Production Resumptions

Despite challenges from test data scandals and chip shortages, Toyota sees a 4.4% increase in global sales and a 7% rise in global production.

Toyota's global sales rose by 4.4% to 831,161 units, while global production increased by 7% in January 2024.
Sales in the U.S. surged by 23%, and in China by 39.2%, offsetting a 13.7% decline in domestic sales in Japan.
Production resumptions announced for March 4 at plants in Mie and Gifu prefectures after the transport ministry lifted bans on three engine types.
Daihatsu, a Toyota subsidiary, saw global sales and production plummet by 51% and 68% respectively, following a safety certification scandal.
Toyota maintains its position as the world's top carmaker, benefiting from strong demand for hybrids and recovering supply chains.