Toyota cuts Feb. output, expects to miss annual target on chips crunch

Toyota's Motomachi plant web_0.jpg — Production at Toyota's Motomachi plant in Japan. (TOYOTA MOTOR CORP.)

January 18, 2022 08:05 AM

TOKYO – After holding strong for months, Toyota Motor Corp. now expects to miss its global production target as the automaker capitulates to the double whammy of parts shortages and the pandemic.

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