Bayelsa Times

Toyota to cut July global production plan by 50,000 vehicles

News

Japanese carmaker, Toyota, on Wednesday announced that it would cut its global production plan by about 50,000 units compared to the figure provided to suppliers at the beginning of the year.

Toyota said that it has decided to extend a suspension of operations at some of its plants and production lines due to the continued impact of a COVID-19 outbreak at one of its suppliers.

The company’s global production volume for July is expected to be approximately 800,000 units, while it estimates that the figure would go up to an average of 850,000 units for July through September.

However, it said that its production forecast for the fiscal year remains unchanged at approximately 9.7 million.

The company noted that there is a possibility that the production plan may be lower.

Related posts

Primate Ayodele warns of political coup, assassination of presidential aspirants

Saheed Busari

APC Chieftain Killed In Bayelsa by unknown Gunmen

Saheed Busari

Non-oil export: Emefiele appeals for dedicated route for exporters

Saheed Busari

Easter: Okowa urges Christians to pray for a new Nigeria

Saheed Busari

Gunmen attack Delta community, kill one and set 4 vehicles ablaze

Saheed Busari

2023: Peterside Harps on Youth Participation in Nigerian Politics

Saheed Busari

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.