Toyota, Honda Register Higher February Sales Despite Chip Supply Crisis: Reuters

by Shivani Kumaresan, Benzinga Staff Writer

March 30, 2022 7:37 AM | 1 min read | Make a Comment

Japanese automakers Toyota Motor Corp TM and Honda Motor Co HMC seem to shrug off supply chain constraints, Reuters reported.
For February, Toyota said its group, including Daihatsu and Hino Motors Ltd, produced 884,528 vehicles globally, an 11% increase year on year.
Reuters notes that outside Japan, Toyota produced a record number of vehicles in February despite parts shortage due to the COVID-19 outbreak.
The automaker said it had used chips that were rendered surplus from a factory shutdown in January to tackle the chip supply crisis.
Honda’s February production rose by 8.1% Y/Y to 344,712 vehicles.
According to Reuters, in contrast, Nissan Motor’s NSANY global production for February fell 7.8% Y/Y due to semiconductor shortage.

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