Toyota to cut global production plan by 100,000 vehicles in June

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Toyota will cut its global production plan by about 100,000 vehicles to about 850,000 units in June due to a semiconductor shortage, the company said on Tuesday.

The company has not changed its estimate of producing around 9.7 million vehicles worldwide by March 2023.

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The automaker also announced suspension of the additional domestic production line in Japan due to a shortage of supplies triggered by the lockdown in Shanghai. The additional suspension will be for up to five days between Wednesday and June 3, affecting 16 production lines at 10 factories for May and June in total.

Toyota said it plans to produce about 850,000 vehicles globally per month on average from June to August, adding that chip shortages and Covid-19 outbreaks and other factors “are making it difficult to look ahead.”

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Source: CNN Brasil

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