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Toyota Cutting Production in North America by 30% Through October

As vehicle production resumes at many auto plants this month, a picture is gradually emerging  of the pace automakers are planning to take as they ramp up operations in the coming weeks and months.

At Toyota, an anonymous source close to the decision-making process told Reuters that the company plans to reduce its North American production by 29% through October due to the coronavirus crisis. As part of the ramping up process, it’s expected it will take some time before Toyota catches up to last year’s pace. The recovery curve will be gradual, meaning the 30% announced drop is an average, not representative of the reduction every single month.

Overall, Toyota plans to build some 800,000 vehicles at its North American plants between now and the end of October.

This represents a 29% drop in comparison with what Toyota produced over the same period in 2019, and it’s 32% less than its January forecast for the same seven months.

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