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Toyota to trim output by 100,000 vehicles due to chip shortage

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Supply chain risk

Japan’s Toyota Motor Corp. will trim its global output by around 100,000 vehicles in June due to the semiconductor chip shortage, and supply chain disruptions caused by strict COVID-19 lockdowns in China, Money Control reported. Toyota will halt production for up to five days at 10 factories between May 25 and June 3, as it battles with component shortage.

 

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