Toyota to cut worldwide production plan by 100,000 in June

Toyota Motor will reduce its global production plan by about 100,000 to about 850,000 vehicles in June because of the semiconductor shortage, it said on Tuesday.

The automaker did not modify its estimate of producing about 9.7 million vehicles globally by March 2023.

The automaker also announced additional domestic factory line suspension because of the supply shortage caused by the COVID-19 lockdown in Shanghai. The additional suspension will be up to five days between Wednesday and June 3, impacting 16 lines at 10 factories for May and June, overall.

It is preparing to produce about 850,000 vehicles worldwide every month on average from June through August, it said, adding chips shortage and COVID-19 outbreaks and other reasons are making it difficult.