Production in November is likely expected to be just 800,000 vehicles, as many semiconductors are still missing, the company said on Friday – meaning production in the current fiscal year (end of March) will also fall below the previously targeted approximately 9.7 million units.
The Japanese company, based in the city of Toyota, has had to adjust its monthly output several times over the past few months, but has so far maintained its annual target. In November, production on several lines had to be temporarily halted as parts were missing.
Whether Toyota will remain the world’s largest automaker ahead of the Volkswagen Group this calendar year may again be exciting. Despite the decline so far, the Wolfsburg-based company is still planning a 5 to 10 percent increase in deliveries this year – that’s almost 9.8 million vehicles at the top. However, even nine months later VW was well behind Toyota with sales of around 6.1 million units – the Japanese had sold almost 6.3 million vehicles since the start of the year after August.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
