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Toyota production line in Tsutsumi, Japan (stock photo)
Photo: KAZUHIRO NOGI / AFP
At the Japanese Toyota group, fewer cars are expected to roll off the assembly line in the current 2021/2022 financial year than planned.
Toyota is likely to miss the forecast of nine million vehicles produced worldwide by the end of the fiscal year on March 31.
This was announced by the manufacturer in Tokyo.
The decisive factor is therefore that the carmaker has to reduce production again in February due to the lack of chips.
The group did not initially name a new production target.
Eight of 14 plants on the back burner
In February, Toyota originally wanted to ramp up production to meet strong demand.
However, the group is currently expecting 700,000 vehicles to be manufactured per month – that would be 150,000 fewer than planned.
The Volkswagen rival is consulting with all companies involved in order to intercept the chip shortage as best as possible, it said.
However, management assumes that the global shortage of computer chips will continue.
According to the information, Toyota will shut down eleven of 28 production lines worldwide in February.
Eight of the 14 plants are affected.
In the past few months, the lack of chips had repeatedly slowed down Toyota in production.
This is currently similar to practically all competitors.
For this reason in particular, new car registrations in the EU fell significantly last year.
mamk/dpa