Toyota Motor Corp today (Friday) said it will lower planned global output in November by as much as 15% because the COVID-19 pandemic has slowed the production of auto chips.
Japan’s leading carmaker in a press release said it would produce between 100,000 and 150,000 vehicles fewer than it had originally planned.
Toyota last month cut its full-year production plan for the year to March 31 to 9 million from 9.3 million because of lower output in September and October. On Friday it said it is sticking to that target.(Reuters)
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