Toyota to Cut Global Production Plan by 100,000 in June

Toyota to Cut Global Production Plan by 100,000 in June
A car at the Toyota assembly plant in Zarate, on the outskirts of Buenos Aires, Argentina, on March 15, 2021. Agustin Marcarian/Reuters
Reuters
Updated:

TOKYO—Toyota Motor Corp will cut its global production plan by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage, it said on Tuesday.

The company did not change its estimate of producing about 9.7 million vehicles worldwide by March 2023.