TOKYO—Toyota Motor Corp.’s global production for the first five months of 2022 fell 9.7 percent short of its own target on average, raising questions about whether the Japanese automaker will be able to maintain its current target for the year.
The world’s largest automaker by sales said it produced 634,940 vehicles in May, 5.3 percent fewer than in the same month last year and short of its target of about 700,000.
It was the third consecutive month that Toyota has missed its monthly goal.
The company has stuck to its target of a record 9.7 million vehicles for the year ending March 2023 but has floated the possibility that its production plan “may be lower.”…