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Toyota cuts production

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Toyota did not change its production target of 9.7 million units until March 2023.

Toyota also announced that the factory line was suspended due to supply problems caused by the lockdown measures in Shanghai.

Toyota announced in mid-June-August that it plans to produce an average of 850,000 vehicles per month worldwide, and that the chip crisis, coronavirus outbreak and other factors “make it difficult to make future valuations”.

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