TOKYO—Toyota Motor Corp. on Friday cut its global production plan for June for the second time this week and signaled its full-year output estimate could be lowered, highlighting the pain from the supply chain crunch and China lockdown.
Global automakers’ production has been hit by the microchip shortage and also by China’s COVID-19 lockdowns. The reduction by Toyota—broadly seen as a bellwether for Japan Inc.—comes a day after data showed car sales in China, Europe, and the United States remain weak.
Japan’s largest automaker said it now expected to produce around 50,000 fewer vehicles in June, for a total of around 800,000, due to the lockdown in Shanghai. It had already cut its plan for the same month by 100,000 vehicles on Tuesday, citing the chip shortage….