Toyota cuts global car production targets by 15%

Auto manufacturing giant affected by shortage of parts, power cuts, and Covid — but expects to hit full-year production targets

Toyota has cut its global car production target for November by around 15% from an earlier plan as a shortage of parts continues to weigh on the world’s number one car maker.

The Japanese company had planned to make 1m cars next month but now expects to make only around 850,000 to 900,000 units.