Toyota Motor Corp. is cutting its February production by around 20 percent due to chip shortages, the Nikkei newspaper reported Tuesday, though that output target is still up from a year earlier.
The world’s top-selling automaker plans to assemble 700,000 units in February, down 200,000 from its original goal for the month, Nikkei reported Tuesday without citing a source.
That compares with 668,001 units Toyota produced in the same month a year earlier. A spokesperson for Toyota declined to comment on the automaker’s future production targets.
Toyota is pushing to ramp up production to make up for lost output last year during the peak of supply chain disruptions. With a goal of churning out 9 million vehicles for the fiscal year ending March, Toyota had announced plans to produce 800,000 vehicles this month, up from the number of units it shipped the same month a year earlier.