Hyperdrive
Toyota Holds Lead as World’s No. 1 Automaker for Fourth Year
- Company sold a record 11.2 million vehicles worldwide
- Only 104,018 of its sales were battery-electric cars or trucks
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Toyota Motor Corp. sold more passenger vehicles than ever in 2023, cruising ahead of Volkswagen AG as the world’s top carmaker for a fourth consecutive year.
Global sales, including those of subsidiaries Daihatsu Motor Co. and Hino Motors Ltd., rose 7.2% to a record 11.2 million vehicles, the company said Tuesday. Production rose 8.6% to 11.5 million units.