Toyota has announced it will increase production for July through September to 850,000. It said it would do so despite an ongoing microchip shortage. It hedged its comments a bit: “As it remains difficult to look ahead due to the shortage of semiconductors and the spread of COVID-19, there is a possibility that the production plan may be lower.”
The disclosure must come as a shock to the industry. Almost every other car company has said it cannot ramp up production. Supply chain shortages are too brutal.
How can Toyota swim against the tide? It would not say. It has been considered a master of sourcing parts for decades. However, it did not point to that skill. Demand for cars has been high across most of the world. But that means there are buyers, not that there is inventory.
If there is a competitive advantage in the car industry today, it is not product or even price. It is the ability to get cars onto lots. Toyota seems to be alone when it comes to the edge.
Click here to see which were the most innovative companies last year.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.