Impact of COVID-19 could affect production of Japanese automakers in October, Auto News, ET Auto
TOKYO:Disruptions to parts and components suppliers caused by the COVID-19 pandemic could lead to further production cuts at Japanese automakers in October, Akio Toyoda, head of the auto industry lobby group, said on Thursday.
Japanese automakers have already had to cut production this month due to difficulties finding semiconductors and other components as the pandemic disrupts manufacturing around the world and increases demand for chips from manufacturers. consumer electronics.
Manufacturers say production could drop to a lower level in OctoberToyoda, President, Toyota Motor Corp
“According to the automaker, we could see production reduced to a lower level in October,” said Toyoda, who heads the Association of Japanese Automobile Manufacturers and is chairman of Toyota Motor Corp, the country’s largest automaker. Toyota cut global production in September by 40% from forecast levels, joining other major global automakers who have already slowed production to cope with the shortage.
The world’s largest automaker by sales volume has said it will try to make up for lost production in order to reach a target of 9.3 million vehicles in the year ending March 31.
Other Japanese automakers who have struggled to overcome the component shortage include Nissan Motor Co, Honda Motor Co, Suzuki Motor Corp, and Mazda Motor Corp.