TOKYO—Toyota Motor Corp. on Monday said it could produce as many as 10.6 million vehicles this year, while warning of downward risk to its projection from the possible impact of issues such as parts supply shortages and COVID-19.
The car giant said that it saw a downside risk of about 10 percent on that baseline production volume—a value which did not constitute a formal production target for this calendar year—on risks such as shortages in chips supply or the spread of COVID-19.
The purpose of disclosing the baseline figure was to make it easier for suppliers to draw up management plans, a Toyota executive said….