Toyota to cut full-year production target on chips crunch

Toyota vehicles on trailer Sendai, Japan Feb. 2022 — Toyota vehicles are pictured on trailer in Sendai, Japan. (BLOOMBERG)

October 21, 2022 08:22 AM

TOKYO -- Toyota is finally cutting its fiscal-year production forecast, after clinging to it for months, conceding it must trim its plan for November due to the semiconductor crunch.

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