Toyota cuts production by 40% over Asian chip shortage
Toyota reduces global production quota by 40% due to renewed COVID-19 outbreaks in Asia disrupting semiconductor supply chains, particularly affecting chip manufacturing. The company had previously avoided production cuts during the pandemic.
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BusinessToyota cuts production by 40% over Asian chip shortage
Sign in or subscribeBrowse free archive reportsToyota reduces global production quota by 40% due to renewed COVID-19 outbreaks in Asia disrupting semiconductor supply chains, particularly affecting chip manufacturing. The company had previously avoided production cuts during the pandemic.