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Toyota Output Plunges on Southeast Asia Supply Chain Issues

  • Toyota, Nissan and Honda production declined in September
  • Toyota’s global sales fell 16%, first drop in over a year
Toyota Factories and Headquarters as Chip Shortage Forces Production Cut
Photographer: Akio Kon/Bloomberg
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Toyota Motor Corp.’s global production fell by more than a third in September from a year earlier, hurt by disrupted access to semiconductors and other key auto parts that’s weighing on Japan’s automakers.

The world’s No. 1 carmaker produced 512,765 vehicles in September, down from 841,915 cars a year earlier, Toyota said in a statement Thursday. Global sales also fell 16% for the month, the first year-on-year drop in 13 months.