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Toyota to Slash September Production Due to Global Chip Shortage

August 24, 2021
in News, Supply Chain
Toyota to Slash September Production Due to Global Chip Shortage
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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 (Aug 19).

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.

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.

Source: Nikkei Asia
Tags: LogisticsSemiconductorsSuppliersSupply ChainToyota

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