- Toyota Motor Corp (NYSE:TM) has called off a few orders of its later mid-size crossover Sports Utility Vehicle (SUV), Harrier, due to production hurdles, Reuters reported.
- The production disruption was the effect of the COVID-19 lockdown in Shanghai.
- Instead, the automaker has requested its customers to shift their orders for Harrier’s improved version, expected to be released in September.
- The report added that Toyota is considering the possibility of its dealers covering the price difference of 100,000 yen ($733.35) for the latest model.
- About 74,000 units of Harrier were sold domestically last year, the report cited the Japan Automobile Dealers Association.
- Related: Toyota Cuts July Production Citing Parts Shortage
- The surge in the COVID-19 cases in China and the resulting lockdown have severely affected business activities, including automobile production.
- Price Action: TM shares closed higher by 0.70% at $160.30 on Friday.
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