Toyota North America will sharply cut production in August

FAN Editor
FILE PHOTO: 89th Geneva International Motor Show in Geneva
FILE PHOTO: The Toyota logo is seen on a Corolla model at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse

August 19, 2021

WASHINGTON (Reuters) – Toyota Motor Corp said Thursday it expects to see a drop in production of 60,000 to 90,000 vehicles in North America in August, citing COVID-19, unexpected events in its supply chain and the ongoing semiconductor chips shortage.

The Japanese automaker also said it is expects further production cuts in September. Toyota said through July it has lost 65,000 vehicles of expected North American production. The automaker assembled 1.13 million vehicles in North America in the first seven months of the year.

(Reporting by David Shepardson)

Free America Network Articles

Leave a Reply

Next Post

Coach owner Tapestry forecasts higher revenue, profit as luxury demand returns

FILE PHOTO: A man walks past a Coach store on Madison Avenue in New York, January 23, 2013. REUTERS/Carlo Allegri August 19, 2021 By Mehr Bedi (Reuters) -Coach handbag maker Tapestry Inc forecast annual revenue and profit above estimates after posting better-than-expected results on Thursday, expecting vaccine-aided reopening of economies […]

You May Like