Chip shortage: Toyota to cut global production by 40% - NewsBreak
By Lawce in Business
Updated 3 years ago
Toyota is to slash worldwide vehicle production by 40% in September because of the global microchip shortage. The world's biggest carmaker had planned to make almost 900,000 cars next month, but has now reduced that to 540,000 vehicles. Volkswagen, the world's second-biggest car producer, has warned it may also be...