Automakers

Toyota will cut global output by 40% on chip shortage

Toyota production Japan
Production at Toyota's Motomachi plant in Japan.
August 19, 2021 09:35 AM

TOKYO – Toyota, which until now has largely skirted the supply chain woes that hampered rivals worldwide, will slash global output some 40 percent in September as it finally feels the bite of the pandemic and the global shortage of automotive microchips.

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