Toyota Motor Corporation (NYSE: TM) saw global production increase for the 5th consecutive month in October. Output rose by 4% YoY to 926,987 cars, with sales up 2% to 922,087 vehicles. In the US, production surged by 26%, driven by strong hybrid demand. However, in China, production fell by 6%, with sales down 7%.

Toyota Motor Corporation announced a US$10 billion investment in the US over the next 5 years, bringing total US investment to ~US$60 billion. The company inaugurated Toyota Battery Manufacturing, North Carolina, its 11th US manufacturing facility with an investment of ~$14 billion. This move highlights the company’s commitment to the US market.

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Read more at Yahoo Finance: Global Production Increases for 5th Consecutive Month