Toyota Motor will reduce global production for September by 40 percent from its previous plan due to the shortage of semiconductors, Nikkei business daily reported.
The automaker had been aiming to make a little under 900,000 cars, but has reduced that to about 500,000.
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.
Toyota Motor in January said its group-wide global sales decreased 11.3 percent to 9.528 million vehicles in 2020.
Kyodo News said Toyota became the world’s top-selling automaker for the first time in five years, overtaking Volkswagen.