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.
Output is expected to surpass the 8.18 million units Toyota produced last year. But a series of output cuts since autumn has made it difficult for the carmaker to reach the latest target, set in September, when it trimmed its annual global production target for the current fiscal year from 9.3 million to 9 million cars.
