Toyota expects further recovery in global car production for August
July 21, 2020
Toyota Motor Corporation aims to produce just 2% fewer vehicles globally in August than it had originally planned, as the automaker sees output recover slowly from the huge impact of coronavirus (COVID-19), reports Reuters.
Global automakers are said to be gradually resuming vehicle production after a period of plant closure due but despite this recovery, many still anticipate that output and sales will be lower than last year.
Toyota had planned to manufacture 15,000 fewer vehicles than its initial plan, which was reportedly about 750,000. August’s reduction is smaller than the cut of 10% seen in July, and 40% in June.
The updated production plan is said to represent an output cut of 9% from a year ago. The Japanese automaker reported that it would produce 6,000 fewer vehicles in Japan, and 9,000 less overseas.
