Toyota remains world's biggest car seller, widens lead on VW
TOKYO : Japan's Toyota Motor Co said on Friday its vehicle
sales rose by 10.1per cent last year, making it the world's biggest carmaker
for a second straight year and putting it further ahead of its nearest rival,
Germany's Volkswagen AG.
The carmaker said sales were 10.5 million vehicles in 2021,
including those by affiliates Daihatsu Motors and Hino Motors.
That compares with 8.9 million
https://www.reuters.com/business/autos-transportation/volkswagen-sees-81-sales-drop-2021-just-under-49-million-vehicles-2022-01-12
delivered by Volkswagen in the same period, 5per cent fewer than in 2020 and
its lowest sales figures in 10 years.
Carmakers have been forced to cut output because a shortage
of semiconductors during the coronavirus pandemic disrupted supply chains,
boosting competition for the key component among makers of consumer electronic
devices.
However, the Japanese company has weathered the pandemic
better than most other carmakers because its home market, Japan, and parts of
Asia, have been less affected than Europe.
Toyota, which releases third-quarter earnings on Feb 9, has
said it is likely to fall short of a production target of 9 million vehicles in
the business year that ends on March 31 because of disruptions linked to
COVID-19.
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