Nagoya – Toyota Motor Corp. plans to rev up global production to a record 11 million vehicles in the next fiscal year beginning in April, up 22% from the volume projected earlier for the current fiscal year, sources familiar with the matter said Tuesday.
The production plan compares with 9 million vehicles projected in September for the year through March 2022. But it is unclear whether the automaker can proceed with output as planned, as the projection assumes that a global semiconductor shortage caused amid the coronavirus pandemic will be resolved and the coronavirus pandemic will come under control, the sources said.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.