Toyota's production down in May due to supply disruption, chip shortage

Production was lower than planned due to impact from lockdown in Shanghai, other factors, company says

11:11 . 30/06/2022 Perşembe
File photo

File photo

Automotive giant Toyota's production and sales fell in May due to global chip shortage and parts supply crunch.

In a press release issued late Wednesday, the manufacturer said its total output was around 700,000 units in May, 9% fewer than in the same month last year.

Toyota's automotive sales also dropped by 9.5% over the same period to 818,972 units.

"In May, both sales and production fell below the previous year's level due to impact from the global spread of COVID-19, as well as the parts supply shortage caused by the increased demand for semiconductors," it said.

"Production was lower than planned due to the impact from the lockdown in Shanghai, China and other factors."

From January to May, the firm's production and sales dropped by 3.5% and 6.5% on an annual basis to 4.17 million and 4.24 million, respectively.

Production and sales figures also included Toyota's brands Hino and Daihatsu.

7 ay önce
Toyota's production down in May due to supply disruption, chip shortage
Polish DefMin questions German commitment to helping Ukraine
US Secretary of State meets Egypt’s Sisi during regional tour
Farewell ceremony held for head of security at Azerbaijani Embassy in Iran
Oil declines as uncertainty floods markets ahead of OPEC , Fed meetings
Türkiye to receive 1.4B cubic meters of gas from Oman per year