Automakers

Toyota cuts February output, expects to miss annual production target on chips crunch

Production at Toyota's Motomachi plant in Japan.
Production at Toyota's Motomachi plant in Japan.
January 18, 2022 08:05 AM

TOKYO -- After holding strong for months, Toyota now expects to miss its global production target as the automaker capitulates to the double whammy of parts shortages and the pandemic.

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