Toyota says that ongoing production issues aren’t going to have an impact on its projected annual output of vehicles, confirming that its planned fiscal year output goal remains unchanged.
At the start of the fiscal year, Toyota detailed how it planned to produce 9.7 million vehicles. This goal, the Japanese brand says, has not changed.
The update comes a week after Toyota relayed the figures from its first quarter, where it announced a 42% loss in profits relative to the same quarter in the previous fiscal year.
The loss, it said, stemmed from the brand’s ongoing production difficulties relating to the international semiconductor shortage and COVID-19 stoppages.
The brand has already confirmed that it has reduced its production targets in August from 850,000 units to 700,000 units. This followed a production pause in May that spanned 14 production lines.
Earlier this week Toyota paused production at its Tsutsumi plant, and as part of this latest announcement it noted plans to suspend certain production lines at its Motomachi plant next month.
In order to make up the deficit, the brand expects to ramp up production. This is set to kick off in September, with the month’s output goal returning to 850,000 units.
Production is then set to increase further through to November, Toyota says, adding that this will be largely dependent on parts supply and the availability of staff.
