The logo of Toyota Motor is displayed at a company’s car showroom in Tokyo on February 6, 2019.
Kazuhiro Nogi | AFP | Getty Images
Toyota Motor will reduce global production for September by 40% from its previous plan due to the worldwide shortage of semiconductors, the Nikkei business daily reported on Thursday.
The automaker had been aiming to make a little under 900,000 cars, but has reduced that to about 500,000, according to the report.
Toyota had no immediate response to a request for comment.
A resurgence in Covid-19 cases has disrupted parts supplies and production at car companies, compounding a months-long pandemic-fuelled chip crunch.
Toyota, the world’s largest automaker by sales volumes, said his month it was facing an unpredictable business environment due to fresh Covid-19 cases in emerging countries, semiconductor shortage, and soaring material prices.