© Reuters. FILE PHOTO: An employee of Toyota Motor Corp. works on the assembly line of Mirai fuel cell vehicle (FCV) at the company’s Motomachi plant in Toyota, Aichi prefecture, Japan May 17, 2018. Picture taken May 17, 2018. REUTERS/Issei Kato
TOKYO (Reuters) – Toyota Motor (NYSE:) Corp said it would extend a partial production suspension at two factories in Japan due to COVID-19-related supply disruptions from Southeast Asia, Kyodo news reported.
Lost production from the suspension in December would now total about 14,000 vehicles instead of the 9,000 it flagged last Friday, according to Kyodo.
The cuts come as the world’s biggest automaker tries to make up for production lost to earlier supply-chain disruptions in Malaysia and Vietnam.
Toyota will maintain its annual global production target of 9 million vehicles for fiscal year 2021, Kyodo said.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.