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Toyota needs to build 1 million cars in March to reach annual target - Nikkei

Published 01/18/2022, 01:19 AM
Updated 01/18/2022, 01:52 AM
© Reuters. FILE PHOTO: Visitors crowd Toyota Motor Corp's booth at the 44th Tokyo Motor Show in Tokyo, Japan, November 2, 2015.  REUTERS/Issei Kato

© Reuters. FILE PHOTO: Visitors crowd Toyota Motor Corp's booth at the 44th Tokyo Motor Show in Tokyo, Japan, November 2, 2015. REUTERS/Issei Kato

TOKYO (Reuters) -Toyota Motor Corp will build 700,000 vehicles globally in February, up 10% on the year, but will still need to make a million more in March in order to reach an annual production target of 9 million, the Nikkei business daily said.

A Toyota spokesperson declined to comment when asked about the Nikkei report or whether the Japanese automaker planned to stick to that production target for the year ending March 31.

© Reuters. FILE PHOTO: Visitors crowd Toyota Motor Corp's booth at the 44th Tokyo Motor Show in Tokyo, Japan, November 2, 2015.  REUTERS/Issei Kato

The world's biggest car maker has been trying to increase production in the final months of the business year to make up for output lost earlier because of a shortage of components from plants in Southeast Asia hit by COVID-19 lockdown restrictions.

Toyota and other car makers have been forced to curb production even as demand in key markets such as China has rebounded.

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