Connect with us

Hi, what are you looking for?

Gadgets

Toyota to cut July production by 50,000 vehicles

Toyota car
FILE: Toyota car

Japanese carmaker, Toyota, on Wednesday announced that it would cut its global production plan by about 50,000 units compared to the figure provided to suppliers at the beginning of the year.

Toyota said that it has decided to extend a suspension of operations at some of its plants and production lines due to the continued impact of a COVID-19 outbreak at one of its suppliers.

The company’s global production volume for July is expected to be approximately 800,000 units, while it estimates that the figure would go up to an average of 850,000 units for July through September.

However, it said that its production forecast for the fiscal year remains unchanged at approximately 9.7 million.

The company noted that there is a possibility that the production plan may be lower.

(dpa/NAN)

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like

News

Chief Executive Officer of Tesla, Elon Musk has revealed a humanoid ‘Optimus’ robot prototype. According to The Verge, humanoid shares AI software and sensor...

News

Ride-hailing company, Uber, has increased its fares rate for UberX and UberX Shares in Lagos.   The fares rate hike which is slated to...

News

Apple’s procurement vice president, Tony Blevins has been discharged from his duties over an offensive viral TikTok video. Blevins was accused of making vulgar...

Cryptocurrency

The Kardashians Television Reality Star, Kim Kardashian has been sanctioned by the Securities and Exchange Commission with a fine of $1.26 million.   According...

Advertisement