Business

Toyota Motor to cut production in May

Toyota Motor plans to reduce its global production to 700 thousand next month due to supply instabilities.

Supply chain instabilities caused by Russia’s war on Ukraine and the ongoing effect of Covid-19 in China affect automobile manufacturers.

Informing its main suppliers for manufacturing, Toyota announced that it plans to reduce its May production to approximately 700 thousand globally.

The Japanese manufacturer announced last month that it plans to produce an average of 800,000 vehicles per month in the April-June quarter.

Source: Sabah / Translated by Irem Yildiz

Leave a Reply

Your email address will not be published.

Back to top button