In terms of market value, however, Elon Musk's U.S. electric automaker Tesla remains number one ahead of the Japanese giant. Tuesday's figure combined sales for the Toyota, Lexus, Daihatsu and Hino brands, and beat its own previous record of 10.7 million set in 2019, the year before it overtook Volkswagen. Taking only Toyota and Lexus, global volume sales totaled 10.3 million units. Toyota however has been slower than some other rivals to embrace electric vehicle investment having long-focused more on hybrids. The shipment suspension will affect about 36,500 Toyota vehicles produced every month, the company said.

Source: New York Times January 30, 2024 14:47 UTC