Global Chip Shortage Causing Toyota to Cut Production - NewsBreak
By Gomez in Business
Updated 3 years ago
Toyota is cutting production of its vehicles by 40-percent because of the global chip shortage. It's the last major automaker to make cuts because it had stockpiled microchips after a 2011 earthquake and the Fukushima nuclear disaster. The company says it expects to make nine-point-three million vehicles and plans to...