Toyota cuts production further on virus issues, chip woesToyota said the move did not affect its full-year operating income forecast. TOKYO: Toyota, the world's top-selling automaker, said on Friday it would further slash production in Japan and abroad because of ongoing virus disruptions and a chronic global chip shortage. It comes after the automaker had already last month announced a 40% cut to September production, equivalent to 360,000 units. The outlook for November and beyond remained "unclear", though it said demand was strong and "the production plan for November and beyond assumes that the previous plan will be maintained". Toyota's rivals have also been forced to slow or temporarily halt production because of the chip shortage.

Source: Bangkok Post September 10, 2021 07:07 UTC