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Toyota Motor Corp. announced plans to produce 800,000 vehicles worldwide in October, 100,000 vehicles short of its average monthly production plan.
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Toyota Motor Corp will cut global production by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage.
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China’s Covid-Zero policy could cause global vehicle production to lose 2% of growth in 2022, equivalent to about 1.5 million units.
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Global sales in 2021 were the second-highest annual result for Lexus. The brand’s all-time sales record of 765,330 units came in 2019 before the pandemic.
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Toyota Motor Corp. announced it will not reach its goal of manufacturing 9 million cars in its fiscal year, which ends in March.
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Toyota’s new vehicle sales in China reaching a record high of 1.94 million units, up 8.2% from 2020, is attributed to the company’s robust supply chain that weathered away the headwinds caused by the global chip shortages.
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The lowest sales recorded in December went to Toyota Motor Corp., Honda Motor Co., Hyundai and Kia, which posted sales drops for the fifth consecutive month.
Read More →Toyota sold 2.332 million vehicles in the U.S. in 2021, compared to 2.218 million vehicles for General Motors.
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Japan's factory output skyrocketed in November, as supply chain bottlenecks eased globally.
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Toyota Motor Corp. and Stellantis have announced plans to build battery factories in North America to meet the U.S. government’s push for electric vehicles and the batteries that power them.
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