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https://www.foxbusiness.com/markets/toyota-slash-september-production-global-chip-shortage
Toyota Motor is slashing its global production for September by 40% from its previous plan due to the worldwide shortage of semiconductors, according to Nikkei Asia.
The automaker had planned to make just fewer than 900,000 cars. That number has been cut to about 500,000, resulting in a temporary production shutdown at several domestic factories.
Production in North America, China and Europe will likely be scaled back by tens of thousands of units.
In addition to the chip crush, the resurgence in COVID-19 cases has disrupted parts supplies and production at car companies.
Toyota Motor is slashing its global production for September by 40% from its previous plan due to the worldwide shortage of semiconductors, according to Nikkei Asia.
The automaker had planned to make just fewer than 900,000 cars. That number has been cut to about 500,000, resulting in a temporary production shutdown at several domestic factories.
Production in North America, China and Europe will likely be scaled back by tens of thousands of units.
In addition to the chip crush, the resurgence in COVID-19 cases has disrupted parts supplies and production at car companies.
