Transportation
Toyota Sales Overcome US Woes for First Growth in Six Months
- Production rose for first time in seven months in July
- Recalls, strong China competition continue to weigh on sales
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Toyota Motor Corp.’s sales eked out growth for the first time in six months on strong demand in Europe and Japan, even as recalls in the US hindered the Japanese automaker’s recovery.
The carmaker’s global sales — including subsidiaries Daihatsu Motor Co. and Hino Motors Ltd. — rose 0.7% to 924,918 units in July, in what is the first up tick after a five straight months of declines, according to a company announcement. Worldwide output increased 0.6% to 923,658 units.