Toyota cuts global production plan for July by 50,000 units


Tokyo-Toyota cut its July global production plan by 50,000 units on Wednesday as semiconductor shortages and disruption in COVID-19 parts supply continued to curb production.

The world’s largest automaker expects to produce 800,000 cars next month, he said in a statement.

“The shortage of semiconductors and the spread of COVID-19 make it difficult to look ahead, which could lead to lower production plans,” he said.

Toyota and other automakers are suffering from supply chain disruptions and parts shortages caused by the COVID-19 pandemic, including those resulting from the recent blockade in China.

Automakers also have to compete with other manufacturers, such as consumer electronics manufacturers, for their limited semiconductor supply.

Toyota signaled in May that supply chain disruptions could eventually reduce its number, but Toyota maintained its annual global production target of 9.7 million units.

On Wednesday, automakers also expanded production suspensions at plants that manufacture cars such as the GR Yaris Subcompact and the bZ4X Electric SUV next month.