Toyota cuts July global production plan by 50,000 vehicles
2022.06.22 11:51
FILE PHOTO: The Toyota logo is seen at its booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song/File Photo
TOKYO (Reuters) – Toyota Motor (NYSE:TM) Corp on Wednesday cuts its July global production plan by 50,000 vehicles as semiconductor shortages and COVID-19 parts supply disruptions continued to curb output.
The world’s largest carmaker by volume expects to make 800,000 vehicles next month, it said in a press release.
“As it remains difficult to look ahead due to the shortage of semiconductors and the spread of COVID-19, there is a possibility that the production plan may be lower,” the Japanese company said.
Toyota, however, kept its annual global production target of 9.7 million vehicles unchanged.
