Toyota has more bad news for vehicle owners

Toyota has more bad news for vehicle owners
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Toyota Motor Corp. (TM) – Get the Toyota Motor Corporation Report the launched its first electric vehicle in the United States bZ4x in April, had a losing streak last year.

Despite launching its new all-electric vehicle to compete against Tesla (TSLA) – Get Tesla Inc. reportford (f) – Get the Ford Motor Company ReportGeneral Motors (GM) – Get the General Motors company report and Volkswagen with great anticipation, the company had some disappointments at the same time.

When the company launched its bZ4x with a retail price of $42,000, the company had already announced a 17% cut in overall production in April, and then said it would cut company production by 10% in May due to supply chain issues.

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