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Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
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Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
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Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Thailand Inflation Remains Negative for 10th Straight Month in January 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Toyota’s Global Production and Sales Decline in September 2024
Toyota Motor Corporation reported an ongoing decline in global production and sales for September 2024, marking the eighth consecutive month of decreased output. The automaker’s total production fell by 8% year-on-year, reaching 826,556 vehicles. Notably, production in the United States dropped by 14%, while output in China declined by 19%.
The downturn in U.S. production was influenced by a temporary halt in manufacturing and delivery of the Grand Highlander and Lexus TX sport utility vehicles due to an airbag safety issue. Fortunately, production of these models resumed on October 21.
In China, the largest automotive market globally, Toyota faced intensified competition from local brands specializing in electric vehicles (EVs) and plug-in hybrids. This shift towards electrification has put significant pressure on traditional automakers like Toyota.
Additionally, Toyota’s global sales for September decreased by 7%, totaling 853,149 vehicles. The decline was even steeper in the U.S., where sales fell by 20%, while sales in China dropped by 9% and domestic sales in Japan decreased by 6%.
For the first nine months of 2024, Toyota has sold 7.4 million vehicles, reflecting a 2% decrease compared to the same period last year. These production and sales figures include vehicles from Toyota's luxury brand, Lexus.
