Automaker Toyota Motor Corp.(TM) Friday reported a 0.8% year-on-year drop in its worldwide production for October. Production in Japan dropped 12.1% in the month and overseas production increased 11.9% in October.
The company's worldwide production for October slipped 0.8% to 785,615 units. Toyota's production totaled 709,904, up 1.4% from last year. In the Daihatsu Motor Co., Ltd. subsidiary, production in October declined 17.8% to 68,307 units and in Hino Motors, Ltd. unit, production declined 15.3% to 7,404 vehicles.
Production in Japan, which includes production at its units Daihatsu and Hino, dropped 12.1% to 370,117 units. Passenger car production decreased 9.9% to 326,872 units, while Trucks & Buses produced in the month stood at 43,245 units, down 25.4% from last year. Overseas production increased 11.9% to 415,498 vehicles.
Total sales in Japan in October amounted to 189,524 vehicles, up 6.7% from last year. Passenger car sales grew 10.9% to 167,975 units, while sales of Trucks & Buses dropped 17.9% to 21,549 units.
The company's exports dropped 31.2% to 165,451 units, compared to the same month last year. Passenger car sales declined 33.2% to 142,333 units and sales of Trucks & Buses dropped 15.8% to 23,118 units.
Meanwhile, reports said Toyota plans to slash winter bonus payments for 8,700 managers in Japan by 20%. Major companies in Japan pay their employees bonuses twice every year, depending on the company's performance.
TM closed Wednesday's regular trade at $77.86, up $1.81 or 2.38%, on 321,432 shares.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.