Fewer Vehicles to be Produced in October by Toyota Due to Semiconductor Shortages
On Thursday, Toyota Motor mentioned that it had planned to provide around 800,000 vehicles worldwide in the month of October, about 100,000 short of its average monthly production plan because of semiconductor shortages.
HIGHLIGHTS
- Japanese automakers aimed to provide about 900,000 vehicles per month
- Toyota would suspend its production for up to twelve days for ten lines
- Honda Motor reduce car output by up to 40 percent at 2 Japanese plants
Well, the reduction appear as a worrisome sign that the chip shortage would still continue to stymie production at the world's largest auto manufacturer by sales within the second half of the year towards March.
It seemed as vital period for the group to reclaim from a production deficiency caused by a shortage within the key vehicle component and wider supply chain disruptions.
Still, Toyota has not adjusted its world vehicle production target for this year remaining to its forecast for a record 9.7 million units.
The Japanese auto manufacturer has mentioned last month that it had aimed to provide about 900,000 vehicles per month on the average from September month through November.
It currently expects to provide about 850,000 vehicles per month on the average from October to December.
According to its October production plan, Toyota would suspend its production for up to twelve days for ten lines at seven domestic factories.
Previously, Japanese automakers have recommended that the chip shortage has been easing however, it would be unclear once it would get resolved.
Despite the expectations that the chip supply crunch would ease from the second quarter of the financial year onwards, there would be an increase in electrified vehicles and cars equipped with advanced driver-assistance systems would require additional semiconductors per vehicle.
Toyota's rival Honda Motor has mentioned that it would reduce car output by up to 40 percent at 2 Japanese plants in early October because of current supply chain and logistical problems, along with the chip shortage.
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