In June, Toyota will cut its global production plan from around 100,000 to about 850,000 vehicles due to semiconductor shortages.
Toyota Motor Corp. will cut its global production plan by about 100,000 to 850,000 vehicles in June due to semiconductor shortages, it said Tuesday.
The company did not change its estimate of production of approximately 9.7 million vehicles worldwide by March 2023.
The automaker also announced additional domestic factory line suspensions in Shanghai due to supply shortages due to the COVID-19 lockdown. The additional suspension will last for five days between Wednesday and June 3, affecting 16 lines across a total of 10 factories for May and June.
It plans to produce about 850,000 vehicles a month on average from June to August, it said, adding that a shortage of chips and the COVID-19 outbreak and other factors “are making it difficult to look ahead.”
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