Toyota cuts global production by 100,000 units in June due to Covid lockdown in Shanghai and parts shortage

Toyota cuts global production by 100,000 units in June due to Covid lockdown in Shanghai and parts shortage

If you need another reminder that Covid-19 is still impacting vehicle production, Toyota has announced that it will suspend operations on selected days in May and June at several of its plants in Japan.

According to the Japanese carmaker, the adjustments to its production plans are due to the ongoing parts shortage brought on by the current lockdown in Shanghai as well as the scarcity of semiconductors.

The company added its global production plan for June will be reduced by 100,000 units to approximately 850,000 units (250,000 units in Japan and 600,000 units overseas), and this figure will also be the average through August.

For the full period of fiscal year 2023, Toyota did not change its estimate of producing around 9.7 million vehicles worldwide. Even so, the carmaker said external factors beyond its control will make it difficult to look ahead, although it will still strive to push out as many cars as possible.

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Gerard Lye

Originating from the corporate world with a background in finance and economics, Gerard’s strong love for cars led him to take the plunge into the automotive media industry. It was only then did he realise that there are more things to a car than just horsepower count.

 

Comments

  • Lets See on May 24, 2022 at 10:59 am

    Their Toyota CEO dude from Japan is the only one exaggerating the chip shortage issue, 100,000 drop.
    Their small bradder P2 and UMW acknowledged their sales also dropped,but didnt use it as excuse.Bear in mind,inflation is shooting up due to Putin’s war.People may be holding on to big item purchases like cars and real estate.
    So,Toyota own up to your shortcomings.
    The chip shortage will continue till 2024.
    The real losers are those like their Japan CEO dude who like to find excuses.Only mavericks will be Top Guns.
    Not excuse champions.

    Like or Dislike: Thumb up 17 Thumb down 2
    • All brands also got chip shortage, not only just Toyota

      Like or Dislike: Thumb up 14 Thumb down 1
      • Troll Hunter on May 24, 2022 at 3:28 pm

        You should tell that to your friends camping in Proton tered.

        Like or Dislike: Thumb up 1 Thumb down 0
    • Anonymous on May 24, 2022 at 6:23 pm

      I think “100,000” is what the media use because it looks sensational so they’re the ones exaggerating. That’s 100,000 from almost 1,000,000 which is slightly less than 10%. That’s still a lot of potential revenue to be cutting off, but Toyota isn’t exaggerating the issue.
      Perodua’s sales dropped as much as 12%, (which they attributed to chip shortage and pandemic) which in terms of their sales volume is more than what Toyota is deliberately cutting down on. Perodua lost 12% of their sales and their excess stock just cost them money. Toyota will lose 10% of sales from cars they haven’t actually made.

      Like or Dislike: Thumb up 1 Thumb down 0
  • Lets See on May 24, 2022 at 11:00 am

    Ada pun sikit sikit je… takde lah sampai 100000. Takkan semua chip kena ambik brand lain sampai sales drop 100000.

    Like or Dislike: Thumb up 11 Thumb down 23
  • Mr. Sotong on May 24, 2022 at 11:13 am

    Jokers here commenting like they know the industry inside out haha..

    If u so terror why u never become CEO? Instead just keyboard warriors cakap banyak je

    Like or Dislike: Thumb up 7 Thumb down 9
    • All brands are trying their best for way out from chip shortage, not keyboard warriors saying.

      Like or Dislike: Thumb up 4 Thumb down 0
 

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