Toyota to cut April global production 17% to 750,000 units

Toyota Motor Corp said on Thursday it is cutting its global vehicle production target in April by 150,000 units to 750,000 as a continued semiconductor shortage and the Covid-19 pandemic bite into the automaker's production plans.

Average monthly global production for the period from April to June would be about 800,000 units, it added.

Also Read | Toyota to suspend additional production in March on chip shortage

Toyota's global vehicle production would be down 10% in May and 5% in June compared to previous estimates made at the beginning of the year, a company executive said.

The announcement comes roughly a week after it said it would scale back domestic production by up to 20% during the months of April, May and June to ease the strain on suppliers struggling with shortages of chips and other parts.

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