<ul>
	<li>Toyota Motor Corp&nbsp;TM said it could produce up to 10.6 million vehicles in 2023. However, Toyota flagged supply chain crisis issues and the pandemic&nbsp;<a class="editor-rtfLink" href="https://global.toyota/en/newsroom/corporate/38623773.html" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">resurgence</a>.</li>
	<li>The production target is vulnerable to a downward risk fluctuation range of approximately 10%.</li>
	<li>Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/12/30125767/toyota-ceo-reserves-doubts-over-going-solely-ev-as-industry-remains-largely-tightlipped" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Toyota CEO Reserves Doubts Over Going Solely EV As Industry Remains Largely Tightlipped</a></li>
	<li>Toyota had to make several changes to its production plan due to the parts supply chain crisis.</li>
	<li>Last April, Toyota revised production plans to appropriately reflect current realities as part of an &quot;intentional pause&quot; and created plans based on the personnel structures and facility capacities of suppliers.</li>
	<li>Also Related:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/11/29494372/toyota-again-cuts-production-forecast-citing-supply-chain-woes-suffers-25-drop-in-q2-profits" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Toyota Again Cuts Production Forecast Citing Supply Chain Woes; Suffers 25% Drop In Q2 Profits</a></li>
	<li>Price Action:&nbsp;TM shares traded higher by 2.68% at $144.06 in the premarket on the last check Tuesday.</li>
	<li>Photo Via Company</li>
</ul>

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Toyota Targets Baseline Production Volume of 10.6M Vehicles For 2023; Adds Hint Of Caution - Toyota Motor (NYSE:TM)

Anusuya Lahiri

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