11 lines in eight plants in Japan will be affected.
Toyota had hoped to produce 9.7 million new vehicles in this fiscal year.
This further supports that the global parts shortage is far from over. Despite their best intentions and immense efforts, Toyota has reluctantly its fiscal-year production forecast.
2021 Toyota RAV4 LE FWD | Photo: Olivier Delorme
From the onset of its fiscal year, which began on April 1st, Toyota’s plan was to build 9.7 million new vehicles. An endless series of setbacks mainly related to the ongoing microchip shortage has affected its plant outputs in Japan for the last six months. Toyota had hoped to assemble 900,000 vehicles in September, but the figure was eventually lowered to 850,000.
“As a result of this plan, the full-year production forecast for full-year 2023 is expected to be lower than the previous forecast of 9.7 million units,” Toyota said.
October’s numbers dropped to 800,000 and November should see similar figures. With these projections, Toyota will therefore miss its goal of building 9.7 million new vehicles. Its previous record was 9.08 million units established in the fiscal year that ended on March 31, 2017.
According to Automotive News Europe, affected nameplates include the Corolla, Corolla Cross, RAV4, Camry, Crown, Land Cruiser Prado, and 4Runner, as well as the Lexus LS, IS RC, NX, UX, ES, and GX. The production suspensions in Japan will affect 11 lines in eight plants, out of 28 lines in 14 plants.
