Toyota Motor Corporation is set to resume production at all its manufacturing bases around the world for the first time since February 2020, it has been reported.
The company’s Venezuela assembly plant is scheduled to resume operations on July 14, following closure for a month due to the coronavirus (COVID-19). Production at its other global facilities, located in more than twenty countries, has already restarted in stages over the last five months.
Toyota is reported to have said it expected global vehicle demand would continue its gradual recovery in the second half of 2020, and that its global production would also recover slowly as a result.
The company said its global vehicle production in the second quarter of 2020 was estimated at around 60% of last year’s level. Group production in the first five months of the year, including the Toyota, Lexus, Daihatsu and Hino brands, was down by 22.6% year on year at 3,399,107 units with May output down 56.5% to 408,842 units.