According to Nikkei Asia, Ashwani Gupta, Toyota’s chief operating officer, recently mentioned a clearer view of the Semiconductor procurement situation when discussing increasing production.
The report pointed out that Toyota is resuming production. After a 40% decline in production in September, production in November increased by 4%-10% year-ON-year. The company also hopes to further increase production in December, and plans to increase by 30% to 1 million cars from the same period last year. In addition, Toyota will increase its monthly output to 850,000 cars from January next year.
The report also pointed out that Honda’s production reduction measures are slowing down. The company reduced production by 20% in the first half of this year, equivalent to 535,000 vehicles, but the production in the second half of the year will be reduced by 10% compared to the original plan.
Seiji Kuraishi, Honda’s chief operating officer, said that although Honda is more difficult than competitors in purchasing semiconductors, the company will resume production from the beginning of the new year. In addition, Nissan also plans to increase production by nearly 300,000 cars in the second half of the year compared to the first half.
In addition to Toyota, Nissan, and Honda, GM, Volkswagen, Ford and other automakers have also seen the easing of chip shortages and have raised their financial forecasts.