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Toyota to cut global output 15% in November due to chip shortage

Power crunch in China also hits automaker's production plan

Toyota has decided on a 15% reduction in its planned production for November but will maintain its global output target of 9 million vehicles for fiscal 2021.    © Reuters

NAGOYA, Japan -- Toyota Motor will cut its global auto production in November by 15% from its latest output plan, or around 150,000 vehicles, due to a shortage of semiconductors and the power crunch in China, Nikkei has learned.

The move comes after the Japanese automaker cut its production by 40% from its initial plan from September to October as the resurgence of COVID-19 infections in Southeast Asia disrupted the supply chain for auto parts.

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