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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16833214" data-attributes="member: 137766"><p>This is why people expecting the used car market to implode, short of a bad recession, are doomed to keep waiting. Year 3 of the OEM's falling way short of demand.</p><p></p><h3><a href="https://seekingalpha.com/news/3893580-toyota-motor-expects-to-miss-its-annual-production-target-of-97m-due-to-chip-shortage?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Toyota Motor expects to miss its annual production target of 9.7M due to chip shortage</a></h3><p><a href="https://seekingalpha.com/symbol/TM?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">TM +0.20%</a>Oct. 21, 2022 5:37 AM ET</p><p></p><ul> <li data-xf-list-type="ul">After cutting the October's average monthly production to <a href="https://seekingalpha.com/news/3887389-toyota-cuts-october-production-target-by-63-amid-chip-shortage" target="_blank">750K vehicles</a> from <a href="https://seekingalpha.com/news/3885146-toyota-motor-to-produce-800k-vehicles-in-october" target="_blank">800K vehicles</a> (originally cut down from 900K) due to semiconductor shortages, Toyota Motor (NYSE:<a href="https://seekingalpha.com/symbol/TM" target="_blank">TM</a>) expects to miss its annual production target of <a href="https://www.reuters.com/business/autos-transportation/toyota-expects-lower-full-year-production-target-2022-10-21/" target="_blank">9.7M vehicles</a> for the financial year through March 2023.</li> <li data-xf-list-type="ul">Revised target will be disclosed soon.</li> <li data-xf-list-type="ul">The automaker will suspend 11 production lines at eight domestic factories next month, affecting the output of a wide variety of vehicles including the Corolla, RAV4 and Yaris.</li> <li data-xf-list-type="ul">The automaker slashed its global production target for last financial year three times, from 9.3M in May 2021 to 8.5M this February.</li> <li data-xf-list-type="ul">It ended up producing about 8.6M vehicles in the last financial year, which ended on March 31.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16833214, member: 137766"] This is why people expecting the used car market to implode, short of a bad recession, are doomed to keep waiting. Year 3 of the OEM's falling way short of demand. [HEADING=2][URL='https://seekingalpha.com/news/3893580-toyota-motor-expects-to-miss-its-annual-production-target-of-97m-due-to-chip-shortage?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Toyota Motor expects to miss its annual production target of 9.7M due to chip shortage[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/TM?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']TM +0.20%[/URL]Oct. 21, 2022 5:37 AM ET [LIST] [*]After cutting the October's average monthly production to [URL='https://seekingalpha.com/news/3887389-toyota-cuts-october-production-target-by-63-amid-chip-shortage']750K vehicles[/URL] from [URL='https://seekingalpha.com/news/3885146-toyota-motor-to-produce-800k-vehicles-in-october']800K vehicles[/URL] (originally cut down from 900K) due to semiconductor shortages, Toyota Motor (NYSE:[URL='https://seekingalpha.com/symbol/TM']TM[/URL]) expects to miss its annual production target of [URL='https://www.reuters.com/business/autos-transportation/toyota-expects-lower-full-year-production-target-2022-10-21/']9.7M vehicles[/URL] for the financial year through March 2023. [*]Revised target will be disclosed soon. [*]The automaker will suspend 11 production lines at eight domestic factories next month, affecting the output of a wide variety of vehicles including the Corolla, RAV4 and Yaris. [*]The automaker slashed its global production target for last financial year three times, from 9.3M in May 2021 to 8.5M this February. [*]It ended up producing about 8.6M vehicles in the last financial year, which ended on March 31. [/LIST] [/QUOTE]
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