Toyota has been forced to cut global vehicle production by 100,000 in March because of the spread of Covid and its impact on the production of semiconductors.
Ongoing shortages in the supply of microchips mean total production for the month globally is now expected to be around 950,000. Down on its planned production target this year and a reduction on global output for the month in 2021, which was around 999,000.
The carmaker said in a statement that it had initially factored in recovery from previous production cutbacks, but the impact of semiconductor shortages meant it had to take further action.
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