Toyota says it can produce 10.6 million cars in 2023

TOKYO—Toyota Motor Corp may produce up to 10.6 million cars this year on Monday, warning of downside risks to forecasts from parts supply shortages and possible impacts of issues such as COVID-19. said.

The auto giant said there was about a 10% downside risk to its baseline output — a value that didn’t make up a formal production target for this year — risks such as chip supply shortages and the spread of COVID-19. rice field. .

A Toyota executive said the purpose of disclosing baseline figures is to help suppliers formulate business plans.

Toyota last month maintained its production forecast for the current fiscal year, which runs from April to March 2022, at 9.2 million units.

In November, it lowered its previous forecast of producing 9.7 million cars this year due to rising material costs and the impact of persistent semiconductor shortages.