Toyota sees further recovery in global vehicles production in August

Toyota Motor Corp will make 2% fewer vehicles globally in August than originally planned, the automaker of Japan said today, as output recovers gradually from a steep drop because of the coronavirus pandemic.

The company said it aimed to make 15,000 fewer vehicles than its initial plan, which was around 750,000, according to Reuters’ calculations. August’s reduction is smaller than the cut of 10% seen in July, and June’s 40%.

The updated production plan represents an output cut of 9% from a year ago. Toyota said it would produce 6,000 fewer vehicles at home, and 9,000 less overseas. Global automakers are slowly getting vehicle production back on track after the closure this year of many plants to curb the spread of the coronavirus, although many still anticipate that output and sales will be lower than 2019.

Toyota sees further recovery in global vehicles production in August via @MasterMindUpdate
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