Japan major automakers' domestic output sees 1st rise in 4 yrs

Domestic output by Japan's eight major automakers for fiscal 2022 rose for the first time in four years, the companies said Thursday, as the negative effects from the coronavirus pandemic and a chip shortage eased, with Toyota Motor Corp. hitting record sales and production on a global basis.Data released by the companies showed that their combined domestic production rose 7.8 percent to 7.65 million units in the year ended March.Domestically, Toyota, the world's biggest auto seller, logged a 0.9 percent increase to 2.79 million units, after recording its lowest level in 45 years in fiscal …READ FULL ARTICLE