Toyota is cutting global production for the third time

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Toyota will cut global production in its factories for the third time next month due to a lack of microchips, but the blow will not be as painful as before. The Japanese car giant announced that it is finally seeing signs of recovery on the horizon.

“I think the worst period is over,” said global procurement manager Kazunari Kumakura. Toyota will produce between 850,000 and 900,000 cars worldwide in November. That is 15% less than the previous plan for this month

Despite this cut, reduced production will still be a record for November, as the production plan has been increased to make up for the shortfall from previous months.

Kumakura said the company could produce a million cars in the eleventh month if there were no problems in the supply chain. Last year, Toyota made 830,000 vehicles this month.

The global procurement manager expects that production will recover from December and that the company will do everything it can to make up for lost production in the fiscal year ending March 31, 2022.

Toyota will lose about 50,000 units in Japan in November and about 50,000 to 100,000 abroad. The November decrease is significantly less than in October and September, when the company was forced to cut 40% of production in both months.

The plan for the entire fiscal year is still to build 9 million vehicles. This number includes Toyota and Lexus cars, but not Daihatsu and Hino, which also operate as part of this company.


Source: Nacionalna Klasa by www.nacionalnaklasa.com.

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