.August 8, 2024 08:27:07 AM

Toyota Motor has revised its global vehicle production forecast for 2024, reducing it by approximately 5% due to output suspension at its domestic factories in Japan. This marks the first time in four years that Toyota’s annual global car production is projected to fall below the previous year’s level, reflecting supply chain disruptions and changing market demands. The impact of this production cut on Toyota’s financial performance and market position is a significant point of interest for investors and industry analysts.