Toyota has confirmed that it is forced to suspend production of its newest SUV, the Toyota Land Cruiser 300, which just went on sale.
The reason, as is the case with other manufacturers, is the banal shortage of microcircuits, which has reached record levels. As we reported just yesterday, back in August, the time between placing an order for semiconductor products and receiving the finished product increased to 21 weeks. In addition, another wave of coronavirus was recorded in the Asian region, which also affected the production of spare parts.
The source adds that the Japanese manufacturer will in total stop 27 Toyota plants, which assemble not only the Toyota Land Cruiser 300, but also the Land Cruiser Prado, Corolla and Corolla Cross. Most of the factories will be closed for several days, but production of the Land Cruiser 300 will be stopped for two whole weeks.
The demand for the Toyota Land Cruiser 300 turned out to be huge; in Japan, some versions suggest that buyers wait up to 4 years.
The domestic car manufacturer AvtoVAZ suspended car production in Togliatti in August. The Volvo plant was also shut down.
I am Derek Black, an author of World Stock Market. I have a degree in creative writing and journalism from the University of Central Florida. I have a passion for writing and informing the public. I strive to be accurate and fair in my reporting, and to provide a voice for those who may not otherwise be heard.