TOKYO - Toyota Motor on Monday reported its 25th straight month of growth in worldwide production as it closed in on General Motors' position as the world's biggest vehicle maker.
However, Toyota's main Japanese rival, Nissan Motor, said it produced fewer cars in November than a year earlier.
Toyota Motor said its global production totaled 736,003 vehicles in November, up 12.3% from the same month last year. Overseas production climbed 10.5% to 350,300, while domestic output rose 14.1% to 385,703.
Rising oil prices have prompted drivers to favor fuel-efficient cars, including the Prius hybrid, Corolla compact and the midsize Camry, the best-selling model in the U.S. market for eight of the last nine years.
Last week, Toyota executives in Japan laid out a production target of 9.42 million vehicles for next year, a 4% increase over the 9.04 million vehicles it expects to produce this year and more than the 9.2 million that Detroit-based General Motors is estimated to have produced this year.