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

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.

Toyota will maintain its global production plan for fiscal 2021 at 9 million vehicles despite the latest output cuts. The company aims to bring its production back to normal after December, but a company source expects some uncertainty to remain.