Toyota production up 9% in January, chip pain still lingers (updated)

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27/02/2023 10:18

(Adds details on Honda and Nissan production, background)
       TOKYO, Feb 27 (Reuters) - Toyota Motor Corp  7203.T 
boosted global vehicle production by 9% in January, it said on
Monday, its first increase in two months even as the car maker
continued to feel the strain from global chip shortages.
    The company, which is the world's largest automaker by
volume, and other car manufacturers are still grappling with
tight supplies of chips, although the constraint has eased from
a year earlier, when pandemic-related lockdowns sharply hit
supplies of semiconductors.
    Toyota said it produced 689,090 vehicles globally in
January, an 8.8% increase from the same month last year and just
short of the 700,000 vehicles it previously said it expected to
produce for the month.
    That does not include production from its Daihatsu Motor Co
and Hino Motors Ltd  7205.T  units.
    Global sales slipped 5.6% to 709,870 vehicles, Toyota said,
reflecting the continued impact of the chip shortage.
    Smaller rival Nissan Motor Co Ltd  7201.T  said its January
production fell by a quarter to 224,236 vehicles.
    Honda Motor Co Ltd  7267.T  said output fell 21.7% in
January to 280,757 vehicles.

 (Reporting by David Dolan; Editing by Chang-Ran Kim and Shounak
Dasgupta)
 ((david.dolan@thomsonreuters.com; +81 3 4563 2708))