Toyota didn't make as many cars as they planned. They had to stop making two big cars in North America because they needed to fix some things. This made Toyota make 11% less cars than they wanted.
For 11 years old: Toyota's production in August 2024, decreased by 11% due to the suspension of two SUV models in North America.
For 13 years old: Toyota's production fell by 11% in August 2024 due to the halt in production of two SUV models in North America.
For 15 years old: Toyota's global output experienced an 11% decline in August 2024, as a result of the suspension of production for two SUV models in North America.
For 17 years old: Toyota's global output declined by 11% in August 2024 due to the temporary halt in production of two SUV models in North America.
For 19 years old: Toyota's global output decreased by 11% in August 2024, following the suspension of production for two SUV models in North America.
For 21 years old: Toyota's global production output saw a decline of 11% in August 2024, following the suspension of production for two SUV models in North America.

### Answers

Answer:
13 years old explanation: Toyota's production fell by 11% in August 2024 due to the halt in production of two SUV models in North America.
17 years old explanation: Toyota's global output decreased by 11% in August 2024 due to the temporary halt in production of two SUV models in North America.
21 years old explanation: Toyota's global production output saw a decline of 11% in August 2024, following the suspension of production for two SUV models in North America.

Explanation:
The explanation for 17 years old and 21 years old is essentially the same. However, there is a slight difference between the 13 and 17 years old explanations, with the 17 years old explanation emphasizing the temporary nature of the halt in production. The 13 years old explanation also emphasizes the decline in production rather than the global output aspect.

The 13 years old explanation would be more suitable for younger readers, while the 17 and 21 years old explanations are appropriate for older readers who may have a better understanding of economic and production-related concepts.

Answer:
The correct age range for the given article is 17 years old Read from source...

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Posted On: September 27, 2024

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Posted On: September 27, 2024

Toyota's Global Output Tumbles 11% After Suspension Of Production Of 2 SUVs In North AmericaMake a Comment | View Comments (0)

Posted On: September 27, 2024

Japanese automaker Toyota Motor TM said on Thursday that it sold 826,863 Toyota and Lexus brand vehicles worldwide in August, marking a drop of 3.1% from August 2023.

What Happened: The dip in global sales was spurred by a sales decline in Japan and China.

The company’s sales in Japan dipped by 9% year on year to 109,505 units after the company suspended production of three models including the Yaris Cross. In China, sales dipped 13.5% owing to “severe market conditions” such as the intensifying price competition, the company said.

In the U.S., however, sales increased by 1.9% from last year to 198,401 units due to the strong sales of the new Camry. That said, production within the U.S. fell by 14.5% due to the product suspension caused by the recall of the Lexus TX and Toyota Grand Highlander in June, the company said.

Production worldwide fell 11.2% to 709,571 units.

Toyota’s EV Sales: Toyota sold 371,727 electrified Toyota and Lexus vehicles globally in August, marking a jump of about 23% from Aug. 2023. Electrified vehicles refer to hybrids, plug-in hybrids,

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Article Name
Toyota's Global Output Tumbles 11% After Suspension Of Production Of 2 SUVs In North America
Description
Japanese automaker Toyota Motor TM said on Thursday that it sold 826,863 Toyota and Lexus brand vehicles worldwide in August, marking a drop of 3.1% from August 2023. What Happened: The dip in global sales was spurred by a sales decline in Japan and China. The company’s sales in Japan dipped by 9% year on year to 109,505 units after the company suspended production of three models including the Yaris Cross. In China, sales dipped 13.5% owing to “severe market conditions” such as the intensifying price competition, the company said. In the U.S., however, sales increased by 1.9% from last year to 198,401 units due to the strong sales of the new Camry. That said, production within the U.S. fell by 14.5% due to the product suspension caused by the recall of the Lexus TX and Toyota Grand Highlander in June, the company said. Production worldwide fell 11.2% to 709,571 units. Toyota’s EV Sales: Toyota sold 371,727 electrified Toyota and Lexus vehicles globally in August, marking a jump of about 23% from Aug. 2023. Electrified vehicles refer to hybrids, plug-in hybrids, battery electric vehicles, mild hybrids, and fuel-cell electric vehicles. Pure electric vehicles or BEVs accounted for just 3.4% of Toyota’s overall electrified vehicle sales last month. Toyota has been the world’s top-selling automaker for several years now. Last year, the company sold 11.2 million vehicles to retain the position, beating German automaker Volkswagen which sold just 9.2 million cars. Check out more of Benzinga’s Future Of Mobility coverage by following this link. Read More: EV Sales Expected To Gain Momentum In US In Q3 Even As Market Leader Tesla Is Projected To Decline: Report Photo courtesy: Toyota
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Toyota Motor Corporation (NYSE: TM) is a well-established and diversified automobile manufacturer with a long history of success in the industry. The company has a wide range of products, from compact cars to luxury sedans and SUVs, and a reputation for quality and reliability. However, the recent decline in global sales due to the suspension of production of two SUVs in North America could pose a risk to the company's financial performance in the short term.
Risks to consider:
1. Production issues: The suspension of production of two SUVs in North America could lead to a decline in sales and revenue, which could impact the company's financial performance.
2. Market competition: Toyota faces stiff competition from other automobile manufacturers in the global market, including General Motors, Volkswagen, and Tesla. This could lead to a decline in market share and profitability.
3. Economic uncertainty: The global economy is currently facing a number of challenges, including rising inflation, geopolitical tensions, and supply chain disruptions. This could lead to a decline in consumer demand for automobiles, which could impact Toyota's financial performance.
Overall, Toyota remains a strong and well-established company with a diverse product portfolio. However, investors should be aware of the risks associated with the suspension of production of two SUVs in North America and the wider economic environment. As with any investment, it is important to do your own research and seek the advice of a financial advisor before making any investment decisions.

Douglas L. Jackson
Junior Analyst
Equity Research Department

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Affected Stocks: TM

Sector: Consumer Cyclical

Industry: Automobile Manufacturers

Marketcap: $197.6 Billion

Forward P/E: 10.5

Long Ideas: TM

Short Ideas: TM

Dividend Yield: 3.17%

P/E: 12.1

52-Week Range: 178.72 – 148.24

Price Target: $202.17

Fair Value Estimate: $202.17

Date: 10/30/2024

Risk Rating: 5/10

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Douglas L. Jackson is a Junior Analyst in the Equity Research Department of Upton & Co. He is a recent graduate of the University of Maryland, College Park, with a Bachelor’s Degree in Finance. Before joining Upton