Toyota Global Output Slows From Record as Challenges Persist
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Toyota Motor Corp. produced 771,382 vehicles in October, down from a record of 887,733 the previous month, and warned of an uncertain outlook due to Covid and semiconductor shortages.
Output was up 23% from October 2021, when supply chains were disrupted by the spread of Covid in Southeast Asia, Toyota said in a statement Tuesday. The world’s biggest automaker is now adjusting some production in China, which is still gripped by the virus and related restrictions.