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According to a report by Nihon Keizai Shimbun on the 23rd, affected by the situation in the Middle East, Toyota Motor Corporation plans to further expand its overseas production cuts to approximately 100,000 vehicles by February 2027. Toyota stated that the production cuts will primarily target fuel-powered vehicle models in the Middle East and Asian markets, citing disruptions in Middle East logistics and suppressed consumer demand due to rising fuel prices. Previously, Toyota had planned to reduce overseas production by approximately 38,000 vehicles from May to November, later increasing the production cuts to about 83,000 vehicles from June to November. The report noted that high energy prices have already impacted automobile consumption, with some consumers delaying vehicle purchases, leading to a decline in market demand.
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