Toyota Motor Corp. has announced another series of shutdowns, which cut the planned output by thousands of vehicles a month more than the old target.
Like the last plant suspension announcement made in early May, TMC has again pinned Operation Suspension on the Shanghai Lockdown, which has disrupted the global machinery chain.
Toyota does not manufacture export vehicles in China, but manufactures cargo parts.
Toyota said its planned June output was 850,000 vehicles (250,000 units in Japan and 600,000 units “abroad”), lower than the estimated 900,000 monthly average internal signals earlier this year.
This is not as bad as the May results, with current month’s output (at the time of writing) first targeted at 750,000 and then at 700,000 – as reported on May 11.
“Due to the shortage of parts due to the lockdown in Shanghai, we have decided to suspend operations in May and June,” the company added.
As you can read here, Toyota will suspend production in June at 13 different Japanese plants, which will affect many models above and beyond the existing announcement.
Among the damaged vehicles are many who are already making long waiting lists in Australia, including the RAV4 and LandCruiser 70 and 300 series. Similarly, a handful of Lexus cars, at least not the new LX and NX ranges – both of which have been on the Australian waiting list for the past 12 months.
To put these recent cuts in perspective, Toyota now says it expects output of 9.7 million vehicles nationwide this fiscal year (ending March 31), less than the initial estimate of 11 million vehicles when it thought it would be a global supply chain. Bounce back this year.
The loss of nearly 1.3 million vehicles from the global allocation will send shockwaves across all major Toyota regions, not least all of Australia where the company controls 20 percent of the market share.
“We apologize again to Toyota for repeatedly adjusting our production plans due to the shortage of parts and the considerable inconvenience to our customers, suppliers and other stakeholders as a result of the COVID-19 outbreak,” said Dr.
“… The shortage of semiconductors, the proliferation of COVID-19 and other factors are making it difficult to look forward, but we will continue to do our best to deliver as many vehicles as possible to our customers as soon as possible.”
To its credit, Toyota Australia has kept industry stakeholders well informed about its stock situation compared to other brands, and we look forward to another local update in the near future. We will always keep you informed just like us.
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