Toyota

Toyota forecasts higher vehicle production in Japan in September

Toyota Motor Corp. ‘7203.T’ said Friday that its domestic vehicle production would be 1% higher than originally predicted in September, and that its plants would return to production levels after a sharp drop due to the COVID-19 pandemic. Vehicle production at the world’s second-largest automaker has recovered internally and since global production fell more than part a year in April and May, when factories closed to prevent the spread of the new coronavirus. Toyota declined to comment on global production plans for next month, however, the company said it expects global sales to decline by 15% in the July-September quarter compared to last year and 5% in October-December.

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