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Toyota to halt production at 5 factories in January due to supply chain issues -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: A Toyota Mirai Fuel Cell Vehicle awaits final inspection in a Toyota Motor Corp. Factory in Toyota in Aichi Prefecture (Japan), April 11, 2019. Photo taken April 11, 2019. REUTERS/Joe White

TOKYO (Reuters). Toyota Motor (NYSE:) Corp announced Monday that it will suspend production in five factories domestically during January because of supply chain problems, shortages of chips and the COVID-19 pandemic.

Japan’s leading automaker has stated that the factory shutdown will impact approximately 20,000 vehicles but not their annual goal of producing nine million units.

Toyota last week stated that it expected a larger reduction in North American vehicle production to approximately 50,000 units in January due to problems in the supply chain.

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