Toyota is reducing its global production target by 150,000 vehicles in April to 750,000 vehicles, according to Driving. The adjustment is due to the microchip shortage and other impacts stemming from the COVID-19 pandemic. “The news comes about a week after Toyota said it would scale back domestic production by up to 20 per cent during the months of April, May, and June to ease the strain on suppliers battling shortages of chips and other parts.” (Source: Driving) Read the original article.
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
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