Toyota announced yesterday that its November production numbers reached a record breaking 736,003 units, a y/y increase of 12%, confirming the company's 25th straight month of growth. They plan to produce 9.42 million vehicles next year, a 4% increase that could make Toyota the world's largest carmaker, a title previously held by General Motors for 81 years. The company, which earns 60% of its operating profit from North American sales, expanded November exports to the U.S. by 43% to 126,000 units and 44% to 1.16 million vehicles in the first 11 months of this year. Toyota's international production climbed 11% to 350,300 units, and domestic production went up 14% to 385,703 units. Analysts are expecting growth for all Japanese auto companies in 2007.
• Sources: Bloomberg , AP
• Related commentary: Toyota: A Lesser Known Stock?, Hybrid Vehicle Marketing: Toyota Leads Here As Well, Toyota Versus GM/Ford: Classic Hedged Pair Trade, Toyota To Become World's Largest Automaker in '07
• Potentially impacted stocks and ETFs: Toyota (NYSE:TM).
Competitors: General Motors (NYSE:GM), Ford (NYSE:F), DaimlerChrysler (DCX), Honda (NYSE:HMC), Nissan (OTCPK:NSANY) ETFs: iShares MSCI Japan Index (NYSEARCA:EWJ), iShares S&P/TOPIX 150 (NYSEARCA:ITF), BLDRS Asia 50 ADR Index (NASDAQ:ADRA), BLDRS Developed Markets 100 ADR Index (NASDAQ:ADRD)
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