Toyota Sets October Production and Sales Records Despite Supplier Accident

Easing of semiconductor shortage and robust overseas demand drive growth, even as production disruption weighs on Japan's industrial output.

Toyota's global vehicle production hit a record for October, producing 900,285 vehicles worldwide, a 16.7% increase from the same period a year earlier.
Overseas productions also hit a record high for a single month, rising 8.7% at 617,590.
Global and overseas sales reached record highs for the month of October, increasing 7% to 890,241 and 5.2% to 756,245 respectively.
Toyota sold more than 8.46 million vehicles during the first 10 months of the year, including its luxury Lexus brand.
Despite a production disruption due to an accident at valve spring maker Chuo Spring, domestic production rose 39.2% year-on-year to 282,695, credited to the easing of the chip shortage.