TOKYO – Toyota Motor Co On Wednesday it said it plans to produce 800,000 vehicles globally in January, a record for the month, as it ramps up production to make up for lost output due to a shortage of parts.
“We will continue to maintain our production forecast at 9 million units” for the full year through March 31, the company said in a press release.
The production plan for January represents an increase of 60,000 vehicles from a year earlier.
The world’s largest carmaker in terms of output has been affected by a shortage of parts supplied by COVID-19 manufacturing plants in Malaysia and Vietnam.
This week, the company said those shortages are forcing it to halt some production in the coming weeks Japan in December, resulting in a loss of 14,000 vehicles produced for the month.
(Reporting by Tim Kelly; Editing by Edmund Klamann)
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