Toyota output hits record high for August as parts crunch eases
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Toyota Motor Corp. said Thursday its global output in August rose 44.3 percent from a year earlier to 766,683 vehicles, a record high for the month, as the negative impacts of a semiconductor shortage and Shanghai's COVID-19 lockdown eased. The first year-on-year production increase in five months came as the Japanese automaker has tried to fortify its supply chains in the face of a global parts crunch that has forced automakers worldwide to slash production. The company has increased communication with its suppliers to secure necessary semiconductors and ramped up production capacity in North...