-2.1 C
New York City
Monday, October 18, 2021
Home Around-the-World Toyota Cuts Global Vehicle Production Plan By 15%

Toyota Cuts Global Vehicle Production Plan By 15%

Toyota Motor Corp today (Friday) said it will lower planned global output in November by as much as 15% because the COVID-19 pandemic has slowed the production of auto chips.

Japan’s leading carmaker in a press release said it would produce between 100,000 and 150,000 vehicles fewer than it had originally planned.

Toyota last month cut its full-year production plan for the year to March 31 to 9 million from 9.3 million because of lower output in September and October. On Friday it said it is sticking to that target.(Reuters)

©Copyright MOTORING WORLD INTERNATIONAL.
All rights reserved. Materials, photographs, illustrations and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior written permission from Motoring World International

Contacteditor@motoringworldng.com

Leave a Reply

Most Popular

Carmakers Shift Up a Gear in Race to Go Electric

With electric car sales soaring and regulations increasingly favouring zero-emission vehicles, a flurry of announcements today (Monday) showed how the global auto industry has...

Weekly Review: NNPC Mulls Rebuilding Roads under Tax Credit Scheme

The Nigerian National Petroleum Corporation (NNPC) started its week with an engagement with critical stakeholders in a bid to find lasting solutions to the...

Ember months: FRSC Takes Campaign to Motor Park

The Federal Road Safety Corps (FRSC) RS7.22 Suleja Unit Command in Niger has begun ember months campaign to curb fatality during the period. A statement...

Hyundai Clinches Victory at FIA World Rally Championship

Hyundai Motorsport has taken its third victory of the 2021 FIA World Rally Championship (WRC) with a superb double podium finish in Rally de...
error: Content is protected !!
%d bloggers like this: