Auto manufacturer Toyota has announced further cuts to production due to semiconductor and Covid-19 lockdown disruptions. On May 24th, the OEM said it would reduce global production by 100,000 vehicles. It followed that announcement up shortly with news of a further production cut of 50,000 units, while warning of further cuts during the rest of its fiscal year which runs through the end of March 2023.

 

For more: https://www.thedetroitbureau.com/2022/05/toyota-cuts-production-twice-in-one-week/

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