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Automobiles

Japan automakers slash production plans by over 1 million units

Resurgent pandemic in Southeast Asia wreaks havoc on chip supplies

A Toyota plant in Japan's Aichi Prefecture. The automaker has announced a 3% cut in production for this fiscal year.

TOKYO -- Six of Japan's big automakers, including Toyota Motor, will cut production plans for the current fiscal year by more than 1 million vehicles, a decrease on the same level as the previous year that saw a major cutback due to the coronavirus pandemic.

The impact of the surge in coronavirus infections in Southeast Asia, which is a major supply base for in-vehicle semiconductors, is the main cause for the cuts, and is also being felt by automakers in Europe and the U.S.

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