Toyota Will Produce 150,000 Fewer Vehicles Than Planned in April
At the onset of the microchip shortage, Toyota was initially less affected than other automakers, but time has caught up with it, perhaps inevitably, and it is now feeling the pinch right along with everyone else in the industry.
The Japanese automaker, which had managed to avoid the worst of the shortage problems last year, says it will fall short of its global production forecast by 150,000 vehicles next month. So whereas the automaker planned to assemble 900,000 vehicles globally in April, it will now build 750,000. “It is still difficult to foresee the situation several months ahead, and there is a possibility the current plan will be revised downward,” the company said via a statement.During this period of the year, Toyota typically produces an average of 800,000 vehicles per month. Today’s announcement translates into an estimated reduction of 17 percent in April, 10 percent in May and 5 percent in June.
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