Toyota aims to produce up to 10.6 million vehicles in 2023
- The company said improving supply chains for car parts contributed to the higher forecast
Toyota Motor Corp. said Monday that it could make up to about 10.6 million vehicles in 2023, a figure that, if achieved, would easily beat its 2019 production record of 9.1 million units.
Improving supply chains for car parts contributed to the higher forecast, according to Toyota. In 2022, Toyota and Lexus produced 8.3 million vehicles through November.
Toyota warned that it could fall short of its 10.6 million-vehicle production forecast by as much as about 10% if semiconductor shortages fail to continue to improve in 2023, said Kazunari Kumakura, Toyota’s head of purchasing.
“At this point forecasts are still difficult to make," Mr. Kumakura said.
This story has been published from a wire agency feed without modifications to the text
