Toyota forced to make deeper production cuts due to chip shortage

Toyota says it is on track to build 8.5 million vehicles this year despite production cuts linked to chip supplies, COVID-19 restrictions and the war in Ukraine.

R

By:

Reuters

March 15, 2022 10:43 AM

Toyota Motor will make additional production cuts in March due to a shortage of semiconductor chips, days after the automaker reduced its domestic production target by as much as 20 percent for the April-June quarter.

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