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Toyota to slash September production due to global chip shortageThe automaker had been aiming to make a little under 900,000 cars, but has reduced that to about 500,000, according to the report
Reuters
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Toyota, the world's largest automaker by sales volumes, said this month it was facing an unpredictable business environment. Credit: AFP Photo
Toyota, the world's largest automaker by sales volumes, said this month it was facing an unpredictable business environment. Credit: AFP Photo

Toyota Motor Corp will reduce global production for September by 40% from its previous plan due to the worldwide shortage of semiconductors, the Nikkei business daily reported on Thursday.

The automaker had been aiming to make a little under 900,000 cars but has reduced that to about 500,000, according to the report.

Toyota had no immediate response to a request for comment.

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A resurgence in Covid-19 cases has disrupted parts supplies and production at car companies, compounding a months-long pandemic-fuelled chip crunch.

Toyota, the world's largest automaker by sales volumes, said this month it was facing an unpredictable business environment due to fresh Covid-19 cases in emerging countries, semiconductor shortage, and soaring material prices.

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(Published 19 August 2021, 14:39 IST)