Toyota to cut global production plan by 100,000 in June

The company did not change its estimate of producing about 9.7 million vehicles worldwide by March 2023.

Toyota cars are displayed on the sales lot at Toyota Marin in San Rafael, California, May 11, 2022. Justin Sullivan | Getty Images News | Getty Images Toyota Motor will cut its global production plan by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage, it said on Tuesday. The company did not change its estimate of producing about 9.7 million vehicles worldwide by March 2023. The automaker also announced additional domestic factory line suspension due to supply shortage triggered by Covid-19 lockdown in Shanghai. The additional suspension will be up to…

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