Jan 18, 2022 17:06 JST

Source: Toyota Motor Corporation

Toyota Announces Production Plans in February 2022, as of January 18

Toyota City, Japan, Jan 18, 2022 - (JCN Newswire) - At Toyota, we have made repeated adjustments to our production plans due to a parts shortage resulting from the spread of COVID-19, causing various inconveniences to our customers and all parties concerned. We would like to express our gratitude to everyone involved for their immense support in helping us maintain production.

 


Our global production plan in February 2022 is expected to be around 700,000 units. Current demand is very strong, therefore we were aiming for a high February production plan. However, due to the impact of the continuing demand for semiconductors across all industries, we have adjusted our production plan by around 150,000 units globally.

As a result of the revision, the full-year production forecast for the fiscal year ending March 31, 2022 is expected to be lower than the previous forecast of 9 million units.

With regards to the shortage of semiconductor-related parts, we will continue to examine the situation and consult with all companies involved in considering the use of substitutes where possible in anticipation of a continuing shortage.

We will also continue to work with our suppliers in strengthening the supply chain and make every effort to deliver vehicles to our customers as soon as possible.

The following is the schedule for the suspension of domestic operations in February due to the plan revisions. We would like to offer our sincerest apologies to our customers and suppliers for the various inconveniences these adjustments may cause.

Source: Toyota Motor Corporation
Sectors: Automotive

Copyright ©2022 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


Toyota Announces May/June Production Suspension and June Production Plan
May 24 2022 12:53 JST
 
ROOKIE Racing and TOM'S SPIRIT Announce Team Setups for Super Taikyu Series Fuji 24 Hours Race
May 20 2022 12:42 JST
 
GR YARIS Rally1 Geared Up for Gravel Debut
May 13 2022 16:38 JST
 
Spa victory for TOYOTA GAZOO Racing
May 09 2022 09:35 JST
 
TOYOTA GAZOO Racing Aims to Bounce Back in Belgium
April 28 2022 17:11 JST
 
Toyota Releases Sales, Production, and Export Results for March 2022
April 27 2022 14:28 JST
 
Nissin Foods and Toyota Partner to Realize Well-Being for All Through Food
April 27 2022 08:16 JST
 
Epic final-stage win for Rovanpera and the GR YARIS Rally1
April 25 2022 09:48 JST
 
TOYOTA GAZOO Racing announces the outline of TGR GT Cup 2022 online race
April 18 2022 16:13 JST
 
TOYOTA GAZOO Racing Back in Action on Challenging Croatian Roads
April 15 2022 16:38 JST
 
More Press release >>

Latest Press Release


More Latest Release >>