Given the ongoing effects of the crisis in semiconductor and other materials on the company’s production and competitors globally, Toyota, a Japanese automaker, anticipated today that the number of cars it planned to collect during the fiscal year would not be achieved.
In a statement, Toyota said that despite the fact that production in some of its Japanese factories will cease due to the raw material supply crisis, it will still produce 800,000 vehicles in November, of which 550, 000 will be exported. The remaining vehicles will be released on the domestic market in accordance with the company’s plans, it added “Bloomberg “The global auto sector has a number of challenges, including the high cost of raw materials, logistical issues, supply chain chaos, and raw resources as a result of the Corona pandemic.
The impact of the semiconductor crisis and other circumstances make it impossible to look ahead, according to a Toyota statement.
Before releasing the statement about the company’s production rates, Toyota shares dropped 0. 8% today on the Tokyo Stock Exchange, while the stock dropped 5. 6% in 2022.
For this reason, Toyota is getting ready to quit doing business with its facilities in Japan.
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