- Toyota has complications with chips, as does the entire automotive industry in general.
- Everything seemed solved in 2022, but it has become complicated.
- The brand says that, for now, it is still projecting to make almost 10 million cars in its fiscal year 2022/2023.
Throughout 2021, the large companies in the automotive industry had to cut their initial production plans.
To the problems linked to the pandemic (which did not clear up last year) were added complications with the supply of semiconductor chips, a key input for modern cars.
Although this panorama seemed solved in 2022, the truth is that the difficulties continue, now aggravated by the war between Russia and Ukraine.
The latest company in the sector to announce a cut in production is the Japanese giant Toyota, which announced on Tuesday, May 24, that it will produce 100,000 fewer vehicles in June.
It will be a reduction that will affect all the plants it has in the world, because the problem is global.
Production cuts at Toyota
As announced by the company in June, it expects to manufacture some 850,000, 100,000 less than the 950,000 it had projected.
This is a 10.5 percent drop on the original forecast.
The principal cause? The shortage of semiconductors, the firm said.
Likewise, for now, Toyota has not modified its production estimates for its fiscal year ending March 31, 2020, by which time it estimates to have manufactured 9,700,000 vehicles worldwide.
Toyota also said it will suspend several lines in Japan over supply shortages due to coronavirus-related lockdowns in China.
The brake will last five days and will impact 16 lines in 10 factories between May and June, publishes Reuters.
In order not to have to cut production for the remainder of the year, the brand expects to produce 850,000 vehicles per month worldwide, on average, between June and August.
Car sales worldwide in 2021
Toyota Motor sold 10.49 million cars in 2021 and led the market over its main competition: Germany’s VW.
Last year, the Japanese brand increased its sales by 10.12 percent compared to 2020, thus becoming the largest manufacturer of units in the world for the second consecutive year.
In second place was Volkswagen, with 8.9 million units delivered last year.
Volkswagen fell in sales 5 percent from 2020, its lowest volumes in a decade.
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