Toyota Motor Corp. cut its global car production target for November by around 15% from an earlier plan, as a shortage of parts continues to weigh on the world’s No. 1 automaker.
The Japanese company had initially planned to make 1 million cars next month, but now expects to do only around 850,000 to 900,000 units, it said in a statement Friday.
"Since we are still experiencing a shortage of some parts and will be unable to make up for previous production shortfalls, we have adjusted our initial production plans for November,” Toyota said. "This adjustment will affect approximately 50,000 units in Japan, and between 50,000 units and 100,000 units overseas.”