Lost production for December to total 14,000 vehicles as supply chains dry up
Toyota Motor said it would extend stoppages at some factories in Japan as it runs short of components from plants in Southeast Asia where production has been disrupted by COVID-19 lockdowns.
Lost production from the latest halts will now total about 14,000 vehicles in December, up from 9,000 units it flagged on Friday, Toyota announced today.
The cuts, which affect Lexus models and its Land Cruiser, come as the world’s biggest automaker by production volume tries to make up for production lost to earlier supply-chain disruptions in Malaysia and Vietnam.
Toyota said it is sticking to an annual global production target announced in September of 9 million vehicles for the year to March 31.