Toyota’s Output Slumps 26% on Prolonged Supply-Chain Snarls
- Figures show second straight month of sharp declines
- Nissan, Honda production also fell due to supply constraints
Toyota Motor Corp. Rush vehicles bound for shipment sit at the Nagoya Port in Tokai in Japan.
Photographer: Akio Kon/BloombergThis article is for subscribers only.
Toyota Motor Corp.’s global output dropped by more than a quarter in October from a year earlier, as a shortage of semiconductors and other parts continued to impact automakers.
The world’s No. 1 carmaker said Monday it produced 627,452 vehicles in October, down from 845,107 units a year earlier. Global sales also fell 20% for the month to 677,564 units.