Toyota To Produce Record 11 Million Cars In Fiscal 2022 If Chip Supply Stable – Nikkei

Toyota To Produce Record 11 Million Cars In Fiscal 2022 If Chip Supply Stable - Nikkei

TOKYO (Reuters) -Toyota Motor Corp plans to produce a record 11 million cars in fiscal 2022, according to a person familiar with the matter.

Hitting that production target would depend on a stable supply of chips, the person said. The Nikkei newspaper earlier reported on the production plan. A Toyota spokesperson said the company was not the source of the production report.

(Reporting by Rocky Swift, Editing by Louise Heavens)