Toyota output hits record high for August as parts crunch eases

Economy

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...

Kyodo News

Kyodo News