Toyota Misses April Global Production Target Due to COVID, Parts Shortage

Toyota Misses April Global Production Target Due to COVID, Parts Shortage
Employees of Toyota Motor Corp. work on the assembly line of Mirai fuel cell vehicle (FCV) at the company's Motomachi plant in Toyota, Aichi prefecture, Japan on May 17, 2018. Issei Kato/Reuters
Reuters
Updated:

TOKYO—Japan’s Toyota Motor Corp on Monday said it missed its global production target for April as COVID-19 outbreaks and a parts shortage slowed its post-pandemic recovery.

The world’s largest automaker by sales produced 692,259 vehicles last month, a 9.1 percent drop from the same month last year, and falling short of an earlier plan of making about 750,000 vehicles worldwide.