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Toyota aims to make up lost production as supplies rebound, report says

Toyota Motor Corp. in December wants to restart production that has been curtailed by component shortages after a rebound in shipments from pandemic-hit suppliers.

The move may help the automaker regain about a third of output lost to supply disruptions, three sources familiar with the automaker’s plans said.

Toyota last month cut its production target for the financial year to end-March by 300,000 vehicles to 9 million units because rising COVID-19 infections slowed work at parts factories in Malaysia and Vietnam, compounding a global chip shortage that has forced it and other automakers to curtail output.

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