Toyota misses May global production target, third month of shortfall

FILE PHOTO: A Toyota Motor Corp logo is seen on a car. - Reuters

TOKYO: Toyota Motor Corp's global production for the first five months of 2022 fell 9.7% short of its own target on average, raising questions about whether the Japanese automaker will be able to maintain its current fiscal production target.

The world's largest automaker by sales said it produced 634,940 vehicles globally in May, 5.3% fewer than in the same month last year and short of its target of about 700,000 - the third consecutive month it has missed its monthly output goal.