Toyota shares jump as hybrid demand drives record may sales

Toyota shares jump as hybrid demand drives record may sales

Toyota stock rose 3.4% in Tokyo after its May global sales hit a new record, driven by strong demand for hybrids in the U.S., China, and Japan. Sales rose 8% YoY to 955,532 units. Toyota plans U.S. price hikes next month amid tariff concerns. Despite gains, shares remain down 15.7% YTD in Tokyo and 11% in U.S. markets.

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