Semiconductor shortage: Toyota to cut production by 40%

Auto giant Toyota is set to cut production in September by 40% from its forecast because of the global semiconductor shortage that had relatively spared it so far, according to reports from the Nikkei daily. published Thursday.

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Last month, Toyota, the world's largest automaker by volume in 2020, announced it would expect production of some 900,000 vehicles in September, but it would have found itself forced to reduce its target to around 500,000, according to the Japanese business newspaper, which does not quote no source.

Suspend productoin lines

The Nikkei reports that the manufacturer is therefore preparing to temporarily suspend production lines in several of its factories in Japan from the beginning of September, and to reduce its production in North America, China and Europe.

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Toyota did not wish to immediately comment on the information.

The Japanese giant has recovered from the impact of Covid-19 faster than many of its competitors around the world.

He has also managed quite well so far in the global semiconductor shortage, which has been disrupting the automotive industry for months, thanks in particular to his in-depth knowledge of its supply chains.

But the shortage has finally caught up with Toyota, also facing the rapid spread in Southeast Asia of the more contagious Delta variant of the coronavirus, reports the Nikkei.

Read alsoToyota addresses the all-electric shift at idle

Toyota published at the beginning of August results in very strong increase over one year for its first quarter 2021/2022 started on April 1, but did not raise its annual forecasts so far. "

", then warned the group.