TOKYO -- Toyota Motor Corp. in December wants to restart production that has been curtailed by component shortages after a rebound in shipments from pandemic-hit suppliers.
The move may help the automaker regain about a third of output lost to supply disruptions, three sources familiar with the automaker's plans said.
Toyota last month cut its production target for the financial year to end-March by 300,000 vehicles to 9 million units because rising COVID-19 infections slowed work at parts factories in Malaysia and Vietnam, compounding a global chip shortage that has forced it and other automakers to curtail output.
The company has asked suppliers to make up for lost production so it can build an additional 97,000 vehicles between December and the end of March, with some considering additional weekend shifts to do so, said the sources, who asked not to be identified because they are not authorized to talk to the media.