Xinhua News Agency, Tokyo, June 23 (Reporters Li Shimeng, Lan Jianzhong) According to a report on the website of the Nikkei on the 23rd, affected by the situation in the Middle East, Toyota Motor Corporation will reduce overseas production by approximately 100,000 vehicles before February 2027, with the scale of the reduction further expanding compared to previous plans.
Toyota stated that due to factors such as disrupted logistics in the Middle East and suppressed consumer demand caused by rising fuel prices, Toyota’s production cuts will mainly target fuel-powered models destined for the Middle East and Asian markets.
Previously, Toyota had planned to reduce overseas production by approximately 38,000 vehicles between May and November, and later expanded the reduction scale to about 83,000 vehicles for the period from June to November.
The report said that high energy prices have begun to affect automobile consumption, with some consumers postponing car purchase plans and market demand declining.
