Which brand became the largest automaker in the world?
According to Reuters, the automaker announced that sales of 10.5 million vehicles in 2021 will be related to Daihatsu and Hino Motors vehicles, and this amount is five percent less than in 2020 compared to 8.9 million units delivered by Volkswagen in It has the same period and the lowest sales figure in the last 10 years.
Automakers have been forced to cut production as a shortage of semiconductors in the Corona virus epidemic disrupted supply chains and increased competition for the main component among consumer electronics makers.
However, the Japanese company has outperformed other automakers because its domestic market, Japan and parts of Asia, has been less affected than Europe.
Toyota, which released third-quarter earnings on Feb. 9, acknowledged that the company’s output is likely to be lower than its target of 9 million units in the business year ending March 31 due to Cavid-19 disruptions.
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