Economy / Business

Add as a preferred source on Google

Toyota global output up 11.9% in July, but production cut looms due to chip crunch

Toyota Motor's global output increased 11.9 percent on-year to 773,135 vehicles in July, but the growth pace was well below the 41.2 percent gain in June due to the pandemic and a global semiconductor shortage. While the…

Updated 1 min read
Toyota global output up 11.9% in July, but production cut looms due to chip crunch
While the output growth was for the 11th straight month, the carmaker is expecting a production cut of 40 percent or some 360,000 units in September.

Toyota Motor's global output increased 11.9 percent on-year to 773,135 vehicles in July, but the growth pace was well below the 41.2 percent gain in June due to the pandemic and a global semiconductor shortage.

While the output growth was for the 11th straight month, the carmaker is expecting a production cut of 40 percent or some 360,000 units in September due to pandemic-caused difficulties in securing components in Southeast Asia, where many suppliers are based.

In Japan, Toyota manufactured 309,138 units, up 21.8 percent.

Toyota's overseas production surged 6.1 percent to 463,997 vehicles, with those from China and other Asian countries increasing 9.1 percent.

In North America, Toyota's production dipped 2.4 percent.

With an increased demand for vehicles in key overseas markets, including North America, Toyota increased sales for the 11th straight month 858,569 vehicles, which is the largest figure for July.

Related articles

View all
Economy

Iran Keeps Strait of Hormuz Reopening Proposal Open to US

Iran has reaffirmed that its proposal to reopen the Strait of Hormuz within seven days remains available to the United States, despite stalled negotiations over the conditions required to restore shipping through the cri…

Economy

China GDP Growth Beats Forecasts at 4.5% in Q3 2026

China's economy expanded faster than expected in the third quarter of 2026, supported by resilient exports, strong industrial production, and rising global demand for artificial intelligence-related products. The latest …