Toyota Production up 9 Percent in January, Chip Pain Still Lingers

Toyota Production up 9 Percent in January, Chip Pain Still Lingers
The Toyota logo at the 43rd Bangkok International Motor Show, in Bangkok on March 22, 2022. Athit Perawongmetha/Reuters
|Updated:

TOKYO—Toyota Motor Corp. boosted global vehicle production by 9 percent in January, it said on Monday, its first increase in two months even as the carmaker continued to feel the strain from global chip shortages.

The company, which is the world’s largest automaker by volume, and other car manufacturers are still grappling with tight supplies of chips, although the constraint has eased from a year earlier, when pandemic-related lockdowns sharply hit supplies of semiconductors.