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Automobiles

Global chip shortage threatens automakers worldwide

Toyota, Volkswagen and others put brakes on vehicle production

A global semiconductor shortage is causing automobile manufacturers to scramble and ultimately cut back on production.

TOKYO -- The auto industry is facing a severe lack of semiconductors amid rising use of the chips in other products, like smartphones and communication base stations.

This has forced Germany's Volkswagen as well as Japanese makers like Honda and Nissan to reduce production.

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