Toyota expects to produce 800,000 vehicles in January, a huge increase.
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Toyota Motor (NYSE:TM) Co announced on Wednesday that it plans to produce 800,000 automobiles in January, a monthly record, as it speeds up production to make up for lost output due to parts shortages.
“We will continue to maintain our production forecast of the 9-million-unit level” for the year to March 31, the company said in a press release.
The January production schedule indicates an increase of 60,000 automobiles over the previous year.
A scarcity of parts provided by COVID-19 struck plants in Malaysia and Vietnam, affecting the world’s largest automaker by volume.
The company announced this week that shortages have forced it to cease partial manufacture in Japan in December, resulting in a loss of 14,000 vehicles for the month.
Story by : Norvisi Mawunyegah
