Good performance, right？ Toyota Motor Union may demand a substantial salary increase.

　　[Pacific Auto]Industry channel】 The ranking of global automobile sales in 2023 has been released.ToyotaThe group’s global sales once again exceeded 10 million vehicles, reaching 10.65 million vehicles, and once again won the global automobile sales champion. However, while achieving brilliant achievements, Toyota’s own backyard is not peaceful: in the ongoing annual salary negotiation in 2024, Toyota Motor Japan Trade Union may request an annual bonus equivalent to 7.6 months’ salary. If this request is approved, it will refresh the record of the highest annual bonus in Toyota Motor Corporation’s history.

　　According to public data, Toyota Group’s global sales in 2023 increased slightly by 1.62% year-on-year, reaching 10.65 million units, ranking first in the world for four consecutive years. Among them, Toyota’s sales in the China market decreased to 1.907 million units, down 1.7% year-on-year; The North American market delivered 2.2 million vehicles, a year-on-year increase of 33%; In the Japanese domestic market, the delivery volume reached 1.9 million vehicles, up 30% year-on-year; In the European market, Toyota delivered 1.2 million vehicles in 2023, a year-on-year increase of 6%; existsoutheastIn Asia, Africa, South America, Australia and other markets, Toyota has also sold more than 3.55 million vehicles.

　　Toyota Motor officially predicts that its comprehensive operating profit will reach 4.5 trillion days in the fiscal year ending March 2024.Yuan Dynasty (1206-1368)(about $30.45 billion), the performance will hit a record high, so its trade union organization also put forward the requirement of a substantial salary increase.

　　It is reported that on January 23, Toyota’s share price closed at 2,991 yen, rising for the fifth consecutive trading day. On that day, the company’s share price even hit 3,034 yen, setting a new high for several days. Toyota’s market value reached 48.7 trillion yen (US$ 328.8 billion) at the close of Tokyo stock market, which also set a new record for Japanese companies. (Text: Pacific Auto Zach Li)