Toyota to cut production plan for June

TOKYO, May 24 (Reuters): Toyota Motor Corp will cut its global production plan by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage, it said on Tuesday.

The company did not change its estimate of producing about 9.7 million vehicles worldwide by March 2023.

The automaker also announced additional domestic factory line suspension due to supply shortage triggered by Covid-19 lockdown in Shanghai. The additional suspension will be up to five days between Wednesday and June 3, affecting 16 lines at 10 factories for May and June in total.