December 21, 2021

Toyota is making further production cuts in January.

Yesterday Toyota announced that a lack of semiconductors and other supply chain issues has forced them to stop operations on seven production lines at five Japanese factories in January.  This will lower Toyota’s global production by 20,000 vehicles that month.  Prior to this announcement, the company had planned to produce 800,000 vehicles in January. The company has had several production cuts in recent months (14,000 units in December, by 135,000 units in November, and 360,000 units in both September and October).  Toyota recently stated they still plan to make nine million vehicles by fiscal year end March 31. (12/21/2021)

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