© Reuters. FILE PHOTO: The Toyota logo is seen at the 43rd Bangkok International Motor Show, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongmetha
TOKYO (Reuters) – Toyota Motor Corp boosted global vehicle production by 9% in January, it said on Monday, its first rise in two months, even as the automaker continued to feel pressure from global chip shortages.
The company, which is the world’s largest automaker by volume, and other automakers are still grappling with limited chip supplies, though the restriction has been eased from a year earlier, when pandemic-related lockdowns hit dramatically. semiconductor supplies.
Toyota said it produced 689,090 vehicles worldwide in January, an 8.8% increase from the same month last year and just under the 700,000 vehicles it previously said it expected to produce for the month.
That does not include output from its Daihatsu Motor Co and Hino Motors Ltd units.
Global sales fell 5.6% to 709,870 vehicles, Toyota said, reflecting the continued impact of chip shortages.
Smaller rival Nissan (OTC:) Motor Co Ltd said its January production fell by a quarter to 224,236 vehicles.
Honda Motor Co Ltd said production fell 21.7% in January to 280,757 vehicles.
