Toyota output rises first time in 5 months as Covid eases
2 months ago
TOKYO: Toyota Motor Corp’s global output rose for the first time in five months in August, led by gains in overseas markets – in particular Southeast Asia, where a Covid surge disrupted supply chains a year ago.
The world’s biggest automaker made 766,683 vehicles in August, up 44% from a year earlier, according to a statement Thursday. Global sales rose 3.8% to 777,047 units, the first increase in 12 months, the Japanese automaker said.
While Toyota still faces a shortage of semiconductors and is battling lingering supply-chain constraints stemming from the pandemic, the situation has improved from 12 months ago when Covid cases were higher, causing factory shutdowns that led to a dearth of parts. Toyota has stuck to its production target of 9.7 million vehicles for the fiscal year through March 2023.
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