<p>Tokyo: <a href="https://www.deccanherald.com/tags/toyota">Toyota</a>'s global production slid for a fourth straight month in May from a year earlier on lower output in many overseas markets, with the decline in China, where local brands have become much more competitive, particularly sharp.</p>.<p>Output for the month decreased 4 per cent to 812,191 vehicles. In China, production fell 22 per cent. In addition to strong vehicle offerings from Chinese brands, the world's biggest car market has been engaged in a fierce price war.</p>.<p>The Japanese automaker also had lower production in markets such as Thailand, Mexico, Brazil and France although the US and Japan saw output grow.</p>.Toyota shareholders re-elect chairman despite governance concerns.<p>Toyota's worldwide sales rose just 0.3 per cent during the month, with growth in overseas markets such as the US and Europe offsetting declining sales in Japan and China.</p>.<p>Both sales and production figures include the luxury Lexus brand.</p>
<p>Tokyo: <a href="https://www.deccanherald.com/tags/toyota">Toyota</a>'s global production slid for a fourth straight month in May from a year earlier on lower output in many overseas markets, with the decline in China, where local brands have become much more competitive, particularly sharp.</p>.<p>Output for the month decreased 4 per cent to 812,191 vehicles. In China, production fell 22 per cent. In addition to strong vehicle offerings from Chinese brands, the world's biggest car market has been engaged in a fierce price war.</p>.<p>The Japanese automaker also had lower production in markets such as Thailand, Mexico, Brazil and France although the US and Japan saw output grow.</p>.Toyota shareholders re-elect chairman despite governance concerns.<p>Toyota's worldwide sales rose just 0.3 per cent during the month, with growth in overseas markets such as the US and Europe offsetting declining sales in Japan and China.</p>.<p>Both sales and production figures include the luxury Lexus brand.</p>