Automakers

Toyota cuts global production for 3rd time but says worst is over

Production at Toyota's Motomachi plant in Japan
Production at Toyota's Motomachi plant in Japan is pictured. (TOYOTA)
October 15, 2021 08:22 AM

TOKYO -- Toyota will cut global production for a third time next month as the pandemic and global shortage of automotive microchips continue to bite, but the impact will not be as painful as before and Japan's biggest automaker finally sees signs of recovery on the horizon.

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