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Toyota says it could produce 10.6 million vehicles in 2023

TOKYO (Reuters) -Toyota Motor Corp on Monday said it could produce as many as 10.6 million vehicles this year, while warning of downward risk to its projection from the possible...
Toyota says it could produce 10.6 million vehicles in 2023 © Reuters. FILE PHOTO: Toyota Motor Corporation unveils the new Prius in Tokyo, Japan November, 16, 2022. REUTERS/Maki Shiraki
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TOKYO (Reuters) -Toyota Motor Corp on Monday said it could produce as many as 10.6 million vehicles this year, while warning of downward risk to its projection from the possible impact of issues such as parts supply shortages and COVID-19.

The car giant said that it saw a downside risk of about 10% on that baseline production volume - a value which did not constitute a formal production target for this calendar year - on risks such as shortages in chips supply or the spread of COVID-19.

The purpose of disclosing the baseline figure was to make it easier for suppliers to draw up management plans, a Toyota executive said.

Toyota last month maintained a production forecast of 9.2 million vehicles for this fiscal year, which runs through March from April 2022.

In November, it had lowered a previous projection of producing 9.7 million vehicles this fiscal year due to the fallout from rising material costs and the persistent semiconductor shortage.

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01-05-2024 10:45:17 (UTC+7)

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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