Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
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.
