Toyota cuts output target on chip shortage and Covid spread
The relentless spread of Covid and semiconductor chip shortages are impacting Toyota's production targets.
Toyota has trimmed its production outlook for this year by about 3% because the spread of the coronavirus in south-east Asia has disrupted access to semiconductors and other key parts.
The world’s largest car maker, which is adjusting output in September and October, now expects to produce nine million vehicles in the fiscal year through March, down from 9.3 million previously forecast.
