Toyota Misses May Production Target in Third Monthly Shortfall

Toyota Misses May Production Target in Third Monthly Shortfall
2023 Toyota bZ4X all-electric SUV is displayed during the 2021 LA Auto Show in Los Angeles, Calif., on Nov. 17, 2021. Mike Blake/Reuters
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TOKYO—Toyota Motor Corp.’s global production for the first five months of 2022 fell 9.7 percent short of its own target on average, raising questions about whether the Japanese automaker will be able to maintain its current target for the year.

The world’s largest automaker by sales said it produced 634,940 vehicles in May, 5.3 percent fewer than in the same month last year and short of its target of about 700,000.