• Kyodo

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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.

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