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Toyota cuts June output plan again due to chip shortage and China lockdown

Toyota said there was "a possibility" that it could lower its full-year production plan of 9.7 million vehicles.

A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland, March 5, 2019. Photo: Reuters
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Toyota said that its Corolla, RAV4, Prius and 4Runner models would be among those impacted by the production suspension.

Reuters Tokyo
Toyota Motor Corp on Friday cut its global production plan for June for the second time this week and signalled its full-year output estimate could be lowered, highlighting the pain from the supply chain crunch and China lockdown.

Global automakers' production has been hit by the microchip shortage and also by China's COVID-19 lockdowns. The reduction by Toyota - broadly seen as a bellwether for Japan Inc - comes a day after data showed car sales in China, Europe and the United States remain weak.

Japan's largest automaker said it now expected to produce around 50,000 fewer vehicles in June, for a

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First Published: May 27 2022 | 4:46 PM IST

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