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Benzinga
Benzinga
Travel
Shivani Kumaresan

Toyota Stock Gains On January 2022 Production Plan

  • Toyota Motor Corp (NYSE:TM) said it expects the global production plan in January 2022 to reach the 800,000 unit level, including recovery from previous production cutback effects.
  • Toyota had made repeated adjustments to its production plans since August 2021 due to a parts shortage resulting from the spread of COVID-19.
  •  In addition, the company maintains a production forecast of 9 million units for the fiscal year.
  • Price Action: TM shares are trading higher by 2.51% at $185.31 on the last check Wednesday.
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