Toyota Has More Bad News for Vehicle Owners

Toyota Motor Corp. (TM) – Get Toyota Motor Corporation Report which launched its first US electric vehicle bZ4x in April, has had a run of bad luck over the past year.

Despite rolling out its new all-electric vehicle to compete against Tesla (TSLA) – Get Tesla Inc. ReportFord (F) – Get Ford Motor Company ReportGeneral Motors (GM) – Get General Motors Company Report and Volkswagen with great anticipation, the company had a few letdowns at the same time.

When the company rolled out its bZ4x, which has a manufacturer’s retail price of $42,000, the company had already announced a cutback in total April production by 17%, then announced that it would slice company production by 10% in May because of supply chain issues .