Toyota cuts July global production plan by 50,000 vehicles

The Toyota logo is seen at the Auto Shanghai Show in Shanghai, China on April 19, 2021. REUTERS / Aly Song / File Photo

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TOKYO, June 22 (Reuters) – Toyota Motor Corp (7203.T) on Wednesday cut its July global production plan for 50,000 vehicles as semiconductor shortages and COVID-19 parts supply disruptions continue to curb output.

The largest car maker by volume expects to make 800,000 vehicles next month, it said in a statement.

“As long as it remains difficult to look ahead to the shortage of semiconductors and the spread of COVID-19, there may be a production plan that may be lower,” the Japanese company said.

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Toyota and other car makers continue to discuss supply-chain disruptions and component shortages caused by the COVID-19 pandemic, including those from recent lockdowns in China.

Automakers are also competing for limited semiconductor supplies with other manufacturers such as consumer electronics device makers.

Toyota stuck with its annual global production target of 9.7 million vehicles, but the company signaled that supply chain disruptions could eventually force that lower.

The Automaker on Wednesday also expanded production halts in Japan next month to make those plants, including its GR Yaris subcompact and bZ4X electric SUV.

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Reporting by Tim Kelly; Editing by Louise Heavens and Muralikumar Anantharaman

Our Standards: The Thomson Reuters Trust Principles.

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