Toyota sales, production fall on sharp declines in China, Middle East
TOKYO: Toyota Motor said on Friday its global vehicle sales and production fell in July, weighed by declines in China, the United State
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Desk Analysis
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Sector Effect
Negative · Do not buy
Cautious read for Automobile — price/volume reaction may stay soft near-term.
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Desk read
Desk call: Do not buy · Negatively affected
- AutomobileNegatively affected
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Sectors: Automobile — Negative · Do not buy. PSX tickers: INDU, HCAR, MTL, PSMC, GHNI. Cautious read for Automobile — price/volume reaction may stay soft near-term.
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Open on Business RecorderTOKYO: [Toyota Motor said on Friday](https://www.brecorder.com/news/40220498) its global vehicle sales and production fell in July, weighed by declines in China, the United States and the Middle East, which offset a stronger performance in Japan.
Global sales fell 4.8% from a year earlier to 856,125 vehicles, while production dropped 2.1%.
A 24.3% plung
Source: Business Recorder — https://www.brecorder.com/news/40436841/toyota-sales-production-fall-on-sharp-declines-in-china-middle-east