Toyota chops 300,000 vehicles off production targets - NewsBreak

Automakers worldwide are feeling the pinch in production in the wake of the pandemic and resulting in chip shortages. A new report claims that Toyota has cut its annual production target by 300,000 vehicles, blaming slowed output at parts factories due to COVID-19. Toyota has specifically said that slowed output at its parts factories in Vietnam and Malaysia are compounding problems already experienced with the chip shortage.