(Teleborsa) – In the end the surrender: Toyota has cut annual production estimates, for the financial year will end on March 31, 2022, due to the chip shortages and the ascent of the Covid-19 infections in factories in Southeast Asia.
The Japanese car manufacturer spoke of an increase in infections in Vietnam and Malaysia, which forced its component plants to close, prompting it to cut estimates further production of 300 thousand units from 9.3 million to 9 million vehicles. So Toyota is reformulating the programs for the months of September and October, for which it envisages a cut of 70,000 and 330,000 units produced respectively, but still hopes to recover part of it in the last two months of the year.
The operating profit forecasts have not been touched at present which, for now, remain confirmed at 22.7 billion dollars.
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