Toyota faces supply, labor crunch in bid to revive lost production

Factories gear up for February-March boost to top annual target

20211224N Toyota plant

Severe parts shortages undercut Toyota's global production in September and October by 30% to 40%. (Photo by Kento Fukui)

MASAHISA YUZAWA, KO FUJIOKA and YUKI FUKUMOTO, Nikkei staff writers

NAGOYA, Japan -- Toyota Motor is on track to exceed its global production target of 9 million vehicles for the current fiscal year, with plans to boost output in February and March to offset pandemic-induced disruptions.

The Japanese automaker produced 820,000 vehicles in November, according to Friday's announcement, and December output is planned at 800,000. Accounting for January-March production plans disclosed to parts suppliers, global output for the fiscal year through March 31 would total nearly 9.2 million units.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.