Salem Radio Network News Saturday, May 21, 2022

Business

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)

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