Toyota misses April global production target due to Covid-19, parts shortage

JAPAN’S Toyota Motor on Monday said it missed its global production target for April as Covid-19 outbreaks and a parts shortage slowed its post-pandemic recovery. The world’s largest automaker by sales produced 692,259 vehicles last month, a 9.1 per cent drop from the same month last year, and falling short of an earlier plan of making about 750,000 vehicles worldwide. AFP