Toyota plans to produce about 800000 vehicles worldwide in December, up from about 760000 in the same period last year, according to foreign media reports. The company also said it kept its plan to produce 9 million cars in the current fiscal year (2021.4.1-2022.3.31).
Toyota had been forced to cut production plans in the past few months because of a shortage of auto parts caused by COVID-19 's epidemic. Toyota said it expected normal production as early as December 2021.
Although production of 800000 in December will be higher than last year, Toyota has told some suppliers that it expects global production to reach 980000 vehicles in December. However, Toyota decided to adjust its December production plan after carefully studying its recent parts purchases.
Toyota said: "in order to recover from previous production cuts, we expect to produce 800000 vehicles worldwide in December. In addition, as a result of our active cooperation with suppliers, Toyota will resume normal operations at all 14 plants and 28 production lines in Japan in December for the first time since May this year. "
Toyota also said in a statement today: "due to the shortage of spare parts caused by the spread of the COVID-19 epidemic, we have adjusted our production plans many times since August, causing various inconveniences to all parties. We would like to express our gratitude to all parties for your strong support in helping us maintain production. "
Toyota has announced that it will cut its production forecast for the current fiscal year from 9.3 million to 9 million. But Kenta Kon, Toyota's chief financial officer, said at a news conference on its second-quarter results that the production forecast now looks conservative. However, "there are still some risks after December." Although Toyota will make up for previous production cuts, the company has cut its sales target for the current fiscal year from 10.55 million to 10.29 million.
