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Toyota’s Production Slow from September’s Record as Challenges Persist

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Toyota's Production Slow from September's Record as Challenges Persist
Toyota’s Production Slow from September’s Record as Challenges Persist (Image: Bloomberg)

Toyota Motor Corp. said it produced 771,382 vehicles in October, down from a record 887,733 the previous month, and warned of an uncertain outlook due to shortages of Covid and semiconductors.

Toyota’s global sales also rose 23% year-over-year in October, reaching a total of 832,373 vehicles.

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Including subsidiaries Daihatsu Motor Co. and Hino Motors Ltd., production and sales totaled 924,132 and 918,756 vehicles, respectively, Toyota said. 

Toyota shares fell 1.1% on Tuesday in Tokyo. They are down 4.5% this year.

Source: Bloomberg

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