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Toyota is slashing its production plan


TOKYO – Toyota Motor Corp said Tuesday it would suspend operations on 14 lines at eight domestic factories for up to six days in May due to the COVID lockdown in China.

The duration is between May 16 and May 21, the company said, expanding the number of lines and factories affected by partial suspension to a total of 20 and 12, respectively.

The partial suspension would affect output of about 40,000 vehicles.

It also slashed global production target for the month about 50,000 vehicles to 700,000.

It did not provide an estimate for lost production.

Toyota’s announcement is another example of automakers being forced to cut back production due to Shanghai’s COVID lockdown.

Tesla has halted most of its production at its Shanghai plant due to problems securing parts for its EVs, according to an internal memo seen by Reuters.

Shanghai is in its sixth week of an intensifying lockdown that has tested the manufacturers’ ability to operate amid hard restrictions on the movement of people and materials.

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