Toyota's president said he 'did a little happy dance' after the company dethroned GM to become the bestselling carmaker in the US last year
in the US, Toyota has 10 manufacturing and engineering plants and 14 in North America, according to its website. Collectively, they produced just over one million cars in 2020.
Despite its relative success to date, supply chain shortages are starting to bite. On Thursday, Toyotait would make 50,000 fewer cars than it originally forecast in October. This was due to it slowing down production in some Japanese plants due to a shortage of semiconductors. Toyota said it now expects to make 750,000 cars globally in the month. However, it's still on track for its target of 9.7 million by the end of 2022.
Toyota did not immediately respond to Insider's request for further comment, which was made outside of standard business hours.