More articles

Toyota Will Produce 150,000 Fewer Vehicles Than Planned in April

At the onset of the microchip shortage, Toyota was initially less affected than other automakers, but time has caught up with it, perhaps inevitably, and it is now feeling the pinch right along with everyone else in the industry.

Even as the shortages start to resolve overall, stakeholders have accepted that it will be 2023 before we see some normality in terms of supply and production. Today’s announcement by Toyota thus comes as no surprise, thus.

The Japanese automaker, which had managed to avoid the worst of the shortage problems last year, says it will fall short of its global production forecast by 150,000 vehicles next month. So whereas the automaker planned to assemble 900,000 vehicles globally in April, it will now build 750,000.

The announcement comes a week after the company said it would cut domestic production by 20 percent during April, May and June to ease pressure on suppliers struggling with shortages of microchips and other parts.

“It is still difficult to foresee the situation several months ahead, and there is a possibility the current plan will be revised downward,” the company said via a statement.

Read more