Toyota Motor Corporation says its new model launch plans could well be affected by the COVID-19 pandemic.
The company announced its 2019-20 financial results while predicting a 22 per cent slump in sales over the 2020-21 period, and Toyota chief financial officer Kenta Kon said the brand is expecting some form of impact on future product plans, too.
“Regarding new model launch plans and if there is a change or not with COVID-19 – when we have looked in the future new model plans, there will be some projects that will be delayed compared to the original plans,” said Mr Kon.
“For the new model launches, we are going to take this timing as an opportunity and review what we have done in the past as business as usual,” he said.
That could mean that plans for the new-generation LandCruiser 300 Series may be impacted, but Mr Kon indicated that the company doesn’t see any major changes to its new model rollout.
However, Mr Kon said that facelifts and updates to current models could well be affected, stating: “Some small change projects – we are doing a total review of how we should do it.”
Mr Kon offered no specifics on the vehicles that might be adversely affected on the facelift front, and we sincerely hope the 2021 HiLux isn’t one of them.
Article Source: Cars Guide MagazineMay 12, 2020 9:03 am