Printed from BusinessInsurance.com

Toyota to halt more than half of its Japanese plants amid chip shortage

Posted On: Oct. 25, 2022 9:45 AM CST

The ongoing shortage of semiconductor chips has forced Japanese carmaker Toyota Motor Corp. to further suspend the production at eight out of 14 factories in Japan, Auto Evolution reported. The company will halt production for at least one day at the factories amid the parts shortage and said that it won’t be able to attain its annual production target this year due to the ongoing production disruptions.