Toyota Motor defended the title of the largest car manufacturer in the world. This was reported by Reuters with a link to the company.
In 2022, Toyota Motor Corporation produced 10.5 million vehicles, including Hino Motors trucks and Daihatsu minivans, which are also part of the group. 1.9 million cars were sold in Japan (down 9.6% compared to 2021), and 8.6 million abroad (down 0.1%).
Volkswagen Group (VW, Skoda, Audi, Bentley, and others) became the second largest car manufacturer, which sold 8.3 million cars in 2022. Volkswagen recorded a 7% drop in sales compared to 2021. This is the lowest figure for the German company in a decade. Among the reasons for the decline COVID-19 lockdowns in China and the Russian-Ukrainian war are called.
Toyota is also suffering from some chip supply issues, but the Japanese automaker said strong demand in Asia, as well as increased production capacity and optimization in Asia and North America, helped it maintain its lead.