Toyota Motor Corp. is planning to cut its July production plan by 50,000 vehicles as a result of ongoing global semiconductor shortages caused by impacts as a result of the COVID-19 pandemic, Yahoo! reported.
Toyota is the world's largest car maker. The company still plans to make 800,000 vehicles by next month, but said in a statement that production for July may be lower due to the current shortage of semiconductors.
"Toyota cut its July global production plan by 50,000 vehicles as semiconductor shortages and COVID-19 parts supply disruptions continued to curb output," Automotive News wrote in a June 22 Twitter post.
Despite the shortfall in semiconductor supplies, Toyota planned to stick to its annual goal of producing 9.7 million vehicles globally, but announced in May that it would have to scale back that goal.
Many vehicle manufacturers including Toyota and manufacturers in other industries continue to face production difficulties as semiconductors remain in short supply.
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