ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Toyota forges ahead with 8.25m vehicle goal despite chip crunch

Automaker projects minimal impact from production cutbacks

A Toyota Motor factory in Toyota, Aichi Prefecture. The automaker does not expect a significant blow to production from the global chip crunch.

NAGOYA, Japan -- Toyota Motor is on track to produce about 8.25 million vehicles worldwide for the year ending in March, largely sticking to its previous forecast even though a global semiconductor shortage has disrupted the auto industry in recent weeks, Nikkei learned Monday.

The automaker released a forecast in November with that figure, a 6% decrease from fiscal 2019 for its Toyota and Lexus brands.

Sponsored Content

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

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more