Toyota Motor Corp., the world’s biggest automaker, said its global vehicle production fell for a second consecutive month in October as output dropped in North America, Europe and Japan.
The carmaker, based in Toyota City, Japan, said it produced 613,169 units last month, or 14 percent less than a year earlier.
Toyota’s exports from Japan fell by 8 percent to 143,499 vehicles in October, while the automaker cut production by 7 percent outside Japan and 22 percent domestically, it said in a statement. A government incentive program for fuel-efficient cars ended in September in Japan.
Shares in Toyota fell 0.6 percent lower at 3,285 yen as of 1:48 p.m. in Tokyo. The stock has declined 15 percent in 2010.
Honda Motor Co., Japan’s second-largest automaker, said earlier today that its global output rose 1.4 percent to 305,406 units in October, while Nissan Motor Co. said total production gained 12 percent to 363,227 vehicles.
