Toyota production continues to sluggish. For the third time The Japanese automaker has announced that it will cut global vehicle assembly operations, due to both the shortage of microchips and semiconductors and the pandemic that continues to rage in the industry. Despite this, Toyota is convinced that the impact of this nproductive cut egg it will not be as heavy as the previous ones: according to Toyota, the signs of recovery are evident, the worst can now be considered past.
The new production cut announced by Toyota concerns the month of November: the production of the Japanese carmaker in the eleventh month of the year will fluctuate between 850,000 and 900,000 vehicles, for a reduction of 15% compared to the net million of vehicles that the company had initially planned to assemble. Despite this new cut, Toyota will not be a month to waste, on the contrary: 900,000 vehicles represents a figure higher than the number of units built in the same month last year, when they were 830,000. Toyota’s hope is that as early as December the forecasts can be revised upwards, and that by the end of the current fiscal year (which will end on March 31, 2022) the lost production could be partially recovered. According to Autonews, Toyota will lose approximately 50,000 units in Japan in November and between 50,000 and 100,000 units in other markets compared to the revised upward forecast set in August.