TOKYO—Toyota Motor’s production for the April–June quarter fell around 10 percent short of its initial plan, but the automaker struck a more optimistic note for its business from August onwards as China’s COVID-19 lockdowns eased and demand outside Japan was resilient.
The world’s largest automaker by sales said on Thursday that output and sales were on the path to recovery, raising hopes it will still be able to reach its record 9.7 million global vehicle production target for the year ending March 2023.
