Toyota forced to revise global production on Shanghai lockdown
By Marcus Williams2022-05-31T09:59:00
Toyota has had to revise its production plans globally for June becasue of restrictions on parts shipments from Shanghai caused by the Covid lockdown there
The ongoing congestion at the port of Shanghai (and at the airports), combined with the ongoing semiconductor supply shortages, meant Toyota had to suspend some assembly shifts at ten of its Japanese plants for May and June. That situation in now affecting global production. The carmaker said the supply problems would reduce global production by 50,000 units, resulting in a total of 800,000 units planned for June, with approximately 200,000 made in Japan and 600,000 overseas.
Toyota reported that its average global production plan from June through August is around 850,000 units per month and 9.7m units for fiscal year 2023.
“Although it is very difficult to estimate the current supply situation of parts due to the ongoing lockdown in Shanghai, and there is a possibility that the production plan may be lower, we will do our utmost to minimise the sudden decrease in production while closely examining the parts supply,” said Toyota in a statement.