Automakers

Toyota forced to make deeper production cuts due to chip shortage

Toyota logo 2022
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.

Staying current is easy with newsletters delivered straight to your inbox.