Toyota Wants To Build 10.6 Million Cars In 2023

This month, Toyota aims to produce 700,000 vehicles, 200,000 of which will be manufactured in Japan, while the remaining 500,000 will roll off assembly lines in other countries, including the US.

Last month, Toyota temporarily suspended production of popular models like the RAV4, 4Runner, Lexus GX, and a few other Lexus vehicles. The company released 2023’s production goal in part to make it easier for suppliers to plan ahead with Toyota management.

Like all automakers, Toyota has struggled with the supply chain. However, it has done better than most, partly due to having a significant reserve supply of semiconductor chips on hand at the pandemic’s onset back in 2020. Eventually, that stockpile ran out, and Toyota found itself in the same boat as its competitors.