Toyota to produce record 11 million cars in fiscal 2022 if chip supply stable

Economy

FILE PHOTO: Visitors crowd Toyota Motor Corp
FILE PHOTO: Visitors crowd Toyota Motor Corp's booth at the 44th Tokyo Motor Show in Tokyo, Japan, November 2, 2015. REUTERS/Issei Kato

(Refiles to remove media from headline)

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)

(c) Copyright Thomson Reuters 2022. Click For Restrictions -
https://agency.reuters.com/en/copyright.html

Japan Tokyo Health Asia East Asia Reuters