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

Nikkei staff writers

October 15, 2021 14:45 JST

Updated on October 15, 2021 22:23 JST

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.