Toyota’s Upcoming Vehicle Release In October Will Be Hampered By Chip Shipping.

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In October of last year, when the COVID-19 epidemic caused supply components in Southeast Asia to be in disruption; Toyota produced 627,452 automobiles globally.

Due to a scarcity of semiconductors, Toyota Motor Corp (7203. T) stated that it only expects to produce around 800,000 vehicles globally in October; roughly 100,000 fewer than its usual monthly production target.

The decrease can be a concerning indication that, in the second half of the fiscal year that ends in March, production at the largest automaker in the world by sales will be further in constrain by the chip scarcity. Toyota will halt production on 10 lines at 7 domestic factories for up to 12 days in accordance with its production schedule for October.

The chip scarcity may be easing, according to Japanese automakers, although it is not yet clear when it will end.

Reuters.

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