The global chip shortage in the automotive industry is still here with no signs of abating. As a result, the crisis has caused many automakers to have production problems and Toyota is not immune to the disruptions. The Japanese manufacturer now issues an official statement to announce that it has adjusted its production estimates for this year.
Toyota says the spread of Covid-19 is causing “considerable inconvenience” to customers and disruptions to the production chain. The chip shortage is forcing the automaker to adjust its production plans for November when the company will produce about 800,000 vehicles, 250,000 of which will be built in Japan and about 550,000 at factories in North America, Europe and other regions. .
That number may still look impressive – imagine how big an imaginary parking lot would be to fit all 800,000 vehicles – but Toyota says it’s down from its initial forecast. The reduction in production capacity for November will result in a lower annual output forecast of 9.7 million units. However, it is important to note that this forecast is for the fiscal year 2023 (FY2023).
“Forecasting is difficult due to the impact of semiconductor components and other factors. However, we will continue to closely monitor component supply and work with relevant parties to consider all possible measures to ensure that to ensure that we can deliver as many vehicles as possible to our customers as soon as possible,” Toyota said in a statement. media representatives. We’ve also reached out to the automaker for more details and will update this story when (and if) we hear back.
Toyota also lists production suspensions at its Japanese plants in November. Production will be stopped at 8 plants and 11 production lines out of total 28 lines in 14 plants. Toyota Auto Body’s Fujimatsu plant will see the most days without production activity, but it’s the plant where the automaker makes only the JDM Noah and Voxy models.