Toyota Rolls Out 884,528 Vehicles In February

Advertisements

Parts supply disruptions continued to affect Japanese automakers’ global production for February, but the results released by Toyota showed a clear contrast.

 Toyota said its group, including Daihatsu and Hino Motors, produced 884,528 vehicles globally for the month, an increase of almost 11 percent from the same month a year ago.

 The group also produced a record number of vehicles for February in markets outside Japan despite a parts shortage triggered by the COVID-19 outbreak.

Toyota exceeded its February global production target plan released a month earlier by almost 41,000 vehicles.

 But,  the production level was below the year-ago period due to a COVID-19-induced parts supply shortage in North America and tight parts supply in Europe because of rising demand.

Advertisements

While the automaker also faced tight semiconductor supplies in China, the company said it had used chips that were rendered surplus from a factory shutdown in January due to COVID-19 to mitigate this.

Advertisements