Toyota's June global production target lowered by another 50,000 vehicles, the second time this week

According to foreign media reports, on May 27, Japan's Toyota Motor lowered its globalproductionplan for June for the second time this week.This time, Toyota will reduce its planned production by another 50,000 to 800,000 vehicles, due to the shortage of parts caused by the spread of the new crown pneumonia epidemic.

Image credit: Toyota

Japan's largest automaker said it would build 200,000 vehicles in Japan and 600,000 overseas in June.For the current fiscal year (April 1, 2022 to March 31, 2023), Toyota still expects its global production to reach 9.7 million vehicles, although it "may" lower its expectations later.

In addition, Toyota also said that it will continue to suspend the operation of 16 production lines of 10 factories in Japan in the week of June 6, and the production loss caused by this additional suspension to Toyota is 50,000 vehicles.Earlier, between May 25 and June 3, the company also announced that some Japanese factories would suspend production.

Toyota Motor Corp, seen as a bellwether for Japanese companies, lowered its production forecast twice in a week, another evidence of uncertainty for automakers from the pandemic.On May 24, Toyota Motor just said that due to the shortage of semiconductors, it will reduce the company's global production target in June by about 100,000 vehicles to about 850,000 vehicles, of which 250,000 vehicles will be produced in Japan and 600,000 vehicles will be produced overseas. car.The two cuts mean Toyota's June global production plan is 150,000 fewer than previously expected.

In this regard, Toyota said, "Due to the shortage of parts due to the spread of the new crown pneumonia epidemic, Toyota has adjusted its production plan several times, causing considerable inconvenience to customers, suppliers and other related parties who have been waiting for the delivery of vehicles. We apologize again." Toyota pledged to continue to make every effort to deliver as many vehicles as possible to customers as quickly as possible.