Toyota to slash September production - Nikkei

Toyota will reduce global production for September by 40% from its previous plan.

According to the Nikkei business daily on Thursday (August 19), it's due to the worldwide shortage of semiconductors.

The automaker had been aiming to make a little under 900,000 cars, but has reduced that to about 500,000, according to the report.

Toyota had no immediate response to a request for comment.

A resurgence in virus cases has disrupted parts supplies and production at car companies.

And has compounded a chip crunch that's lasted months.

Toyota is the world's largest automaker by sales volumes.

It said this month it was facing an unpredictable business environment.

Blaming fresh outbreaks in emerging countries, the semiconductor shortage, and soaring material prices.

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