Toyota remains world's biggest car seller, widens lead on VW
28/01/2022 05:11
TOKYO, Jan 28 (Reuters) - Japan's Toyota Motor Co 7203.T
said on Friday its vehicle sales rose by 10.1% 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 VOWG_p.DE .
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, 5% 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.
(Reporting by Tim Kelly and Maki Shiraki; Editing by Clarence
Fernandez)
((tim.kelly@thomsonreuters.com; +813-6441-1311;))