TOKYO (Reuters) – Toyota Motor Corp on Friday said it will lower planned global output in November by as much as 15% because the COVID-19 pandemic has slowed production of auto chips.
Japan’s leading carmaker in a press release said it would produce between 100,000 and 150,000 vehicles fewer than it had originally planned.
Toyota last month cut its full-year production plan for the year to March 31 to 9 million from 9.3 million because of lower output in September and October. On Friday it said it is sticking to that target.
(Reporting by Tim Kelly; Editing by Christopher Cushing)
