August 15, 2022

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Toyota has more bad news for car owners

Toyota has more bad news for car owners

Toyota Motor Corporation. (TM) – Get the Toyota Motor Corporation report Which Launched the first American electric car bZ4x in April, has had bad luck for the past year.

Despite launching its all-new electric car to compete against Tesla (TSLA) – Get the Tesla Inc. report.stronghold (F) – Get a Ford Motor Company reportGeneral motors (GM) – Get the General Motors report And Volkswagen with great anticipation, the company experienced some failures at the same time.

When the company introduced the bZ4x, which has a manufacturer retail price of $42,000, the company had already announced a 17% cut in total April production, and then announced that it would cut the company’s production by 10% in May due to supply chain issues. .

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