Toyota plans further cuts to production schedule for June and July 2022.
Auto Business News-June 20, 2022--Toyota plans further cuts to production schedule for June and July 2022
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Auto Business News - 20 June 2022
Toyota Motor Corporation (NYSE: TM), a Japan-based automaker, is planning further cuts to its production schedule for the month of June and July 2022.
The automaker has taken this step citing parts shortage caused by the recent COVID outbreak in Shanghai.
The company stated that in addition to cuts announced last month, it is planning to stop production on 11 assembly lines at seven plants in Japan for a further 11 days in June and July. It is now expecting its global vehicle production to be reduced by an additional 40,000-50,000 units to 750,000...
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