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Toyota output to fall short of annual target of 9m vehicles

COVID-19 surge in Southeast Asia dents chip supplies, slowing rebound

Toyota will suspend vehicle production at its Miyata plant in Fukuoka Prefecture. (Photo by Shinya Sawai)

NAGOYA -- Toyota Motor's annual vehicle output will fall below the latest target of 9 million for the fiscal year ending March, as the chip shortage in Southeast Asia takes a further toll, the automaker announced on Tuesday.

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