Quick Update: Japan is the World’s #1 Auto Producer, Toyota Sales up 8.9 Percent

May 10, 2007
By Ken Worsley

Once again, Japan is the world’s largest producer of automobiles. In 2006, Japan’s auto production surpassed that of the United States for the first time since 1993. Japan previously led the world in automobile production from 1980 to 1993.

In related news, Toyota reported that fourth-quarter profit rose by 8.9 percent. The increase was attributed to a weaker yen and increased sales of Corolla compact cars and Camry sedans.

Don’t tell any US politicians about the ‘weaker yen’ part. They’re supposed to be busy with the war in Iraq.

Filed Under Automotive