Toyota Motor will cut global production by 15 percent next month due to a lack of semiconductor chips and supply chain disruptions caused by the pandemic.
This continues to reduce the supply of car manufacturers following the growing demand for chips for smartphones and tablets as well as 5G network devices worldwide.
The Japanese manufacturer said in a statement that the company would cut production in November 2021, which it had previously announced to be around 1 million, by 15 percent due to chip shortages and supply disruptions caused by the COVID pandemic. 19.
Therefore, at least 850,000 vehicles will be produced globally in November. In November 2020, this rate was around 830,000.
In Japan, production will be reduced by 50,000 vehicles and the rest will be done in overseas factories.