Toyota’s October car output to be 100K quick resulting from semiconductor scarcity

Toyota Motor Corp stated on Thursday it plans to supply about 800,000 autos worldwide in October, about 100,000 wanting its common month-to-month manufacturing plan, resulting from semiconductor shortages.

The discount might be seen as a worrisome signal that the chip scarcity will proceed to stymie manufacturing on the world’s largest automaker by gross sales within the second half of the monetary yr to finish March.

You are reading: Toyota’s October car output to be 100K quick resulting from semiconductor scarcity

That’s seen as an important interval for the group to bounce again from a manufacturing shortfall attributable to a scarcity in the important thing car element and wider provide chain disruptions.

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Nonetheless, Toyota has not adjusted its international car manufacturing goal for the present monetary yr, sticking to its forecast for a document 9.7 million items.

The Japanese automaker stated final month it aimed to supply about 900,000 autos per thirty days on common from September by way of November.

It now expects to supply about 850,000 autos per thirty days on common from October to December, it stated on Thursday.

Workers install the fuel cell power system in a Toyota Mirai.
Toyota produced 627,452 autos worldwide final October.
REUTERS
A customer is shown a 2022 Toyota Prius.
Japanese automakers have beforehand recommended the chip scarcity is easing, however it’s unclear when it will likely be resolved.
MediaNews Group/Orange County Register by way of Getty Photos

In line with its October manufacturing plan, Toyota will droop manufacturing for as much as 12 days for 10 strains at seven home factories.

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Toyota produced 627,452 autos worldwide final October when the COVID-19 pandemic disrupted provide elements in Southeast Asia.

Japanese automakers have beforehand recommended the chip scarcity is easing, however it’s unclear when it will likely be resolved.

Regardless of expectations that the chip provide crunch will ease from the second quarter of the monetary yr onwards, an increase in electrified autos and vehicles outfitted with superior driver-assistance techniques would require extra semiconductors per car, Morgan Stanley MUFG Securities Co stated in a report on Wednesday.

Toyota’s rival Honda Motor Cosaid on Thursday it might cut back automotive output by as much as 40% at two Japanese crops in early October resulting from ongoing provide chain and logistical points, together with the chip scarcity.

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