She said Toyota Motor Corporation, a Japanese automakerToday, Tuesday, it will cut its global production plan by regarding 100,000 vehicles to 850,000 vehicles in June due to the shortage of semiconductors.
The company did not change its estimate of the production of regarding 9.7 million cars worldwide by March 2023.
The company also announced an additional suspension of its domestic manufacturing lines due to supply shortages caused by the COVID-19 shutdown in Shanghai.
The suspension will affect a total of 16 lines at 10 factories in May and June.
Toyota said it plans to produce regarding 850,000 cars globally per month on average from June to August.
She explained that the lack of chips, the outbreak of “Covid-19” and other factors “make it difficult to look to the future.”
Toyota topped global car sales in 2021 for the second year in a row, following topping the list in 2020, for the first time in five years.
