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8/19, 7:48 AM (Source: TeleTrader)
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Toyota cuts down Sep production plans by 40% - report

Toyota Motor Corporation is expected to cut down its September global production target by 40%, as the chip shortage continues to disrupt the car industry.

According to a report published by Nikkei Asia on Thursday, the carmaker now aims to manufacture around 500,000 cars in September, a significant decrease from its initial 900,000 goal.

Lastly, the publication also noted that Toyota is having trouble finding auto parts due to the ongoing surge of the coronavirus Delta variant across Southeast Asia.

Breaking the News / OL