Toyota to slash global production plan by 100,000 in June

Toyota to slash global production plan by 100,000 in June

The company did not change its estimate of producing about 9.7 million vehicles worldwide by March 2023.

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Toyota to slash global production planToyota to slash global production plan
Reuters
  • May 24, 2022,
  • Updated May 24, 2022 9:08 AM IST

Toyota Motor Corp will cut its global production plan by about 100,000 to roughly 850,000 in June due to the semiconductor shortage, it said on Tuesday.

The company did not change its estimate of producing about 9.7 million vehicles worldwide by March 2023.

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Toyota Motor Corp will cut its global production plan by about 100,000 to roughly 850,000 in June due to the semiconductor shortage, it said on Tuesday.

The company did not change its estimate of producing about 9.7 million vehicles worldwide by March 2023.

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