The world's largest automaker made and sold an unprecedented number of cars throughout the year, further cementing its dominance in hybrid cars as it pushes ahead with ambitious plans to mass-produce electric vehicles and catch up with Tesla and BYD, Bloomberg reports.
However, in addition to positive news, Toyota has some negative ones as well. Last week, Toyota faced challenges with its subsidiary Daihatsu, which was found to have manipulated crash safety test data since 1989. As a consequence, Daihatsu will halt the delivery of cars and parts until at least January. Daihatsu has announced compensation for all affected companies, though the total cost remains unclear.
Source: Bloomberg