{"id":517,"date":"2021-09-12T18:10:41","date_gmt":"2021-09-12T18:10:41","guid":{"rendered":"https:\/\/www.newsmakers.com.pk\/en\/?p=517"},"modified":"2021-09-12T18:15:58","modified_gmt":"2021-09-12T18:15:58","slug":"toyota-to-cut-production-by-40-globally","status":"publish","type":"post","link":"https:\/\/www.newsmakers.com.pk\/en\/business\/toyota-to-cut-production-by-40-globally\/517\/","title":{"rendered":"TOYOTA To Cut Production By 40% Globally"},"content":{"rendered":"\n

NAGOYA: (Web Desk)<\/strong> Toyota, the world’s largest carmaker, that earlier planned to make nearly 900,000 cars next month, has now reduced that to 540,000 vehicles.<\/p>\n\n\n\n

According to details, Volkswagen, the world’s second-biggest car producer, has warned to also cut its output further due to the micro-chip shortage. The chips these days are not as easily available as before because the Covid pandemic has boosted demand for appliances that use chips, such as phones, TVs, and games consoles.<\/p>\n\n\n\n

The German firm Volkswagen, which cut output earlier in the year, said: “We currently expect the supply of chips in the third quarter to be very volatile and tight. It added: “We can’t rule out a further reduction in production.”<\/p>\n\n\n\n

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Toyota’s other rivals, including General Motors, Ford, Nissan, Daimler, BMW, and Renault, have already scaled back production in the face of the global chip shortage.<\/p>\n\n\n\n

New cars often include dozens of microchips but Toyota benefited from having built a larger stockpile of chips – also called semiconductors – as part of a revamp to its business continuity plan, developed in the wake of the Fukushima earthquake and tsunami a decade ago.<\/p>\n\n\n\n

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Toyota’s factories in Asia will be affected. But a spokesman for Toyota UK at Burnaston, in Derbyshire, said they didn\u2019t know of any impact on UK production.<\/p>\n\n\n\n

Last month, the boss of chipmaker Intel, Pat Gelsinger, said the worst of the global chip crisis was yet to come.<\/p>\n\n\n\n

Mr Gelsinger predicted the shortage would get worse in the “second half of this year” and it would be “a year or two” before supplies return to normal.<\/p>\n","protected":false},"excerpt":{"rendered":"

NAGOYA: (Web Desk) Toyota, the world’s largest carmaker, that earlier planned to make nearly 900,000 cars next month, has now reduced that to 540,000 vehicles. According to details, Volkswagen, the world’s second-biggest car producer, has warned to also cut its output further due to the micro-chip shortage. The chips these days are not as easily …<\/p>\n","protected":false},"author":1,"featured_media":518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-517","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business"],"yoast_head":"\nChip Shortage: TOYOTA To Cut Production By 40% Globally<\/title>\n<meta name=\"description\" content=\"Due to shortage of micro-chip or semiconductor, world's biggest car maker Toyota has planned to cut production by 40% globally.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.newsmakers.com.pk\/en\/business\/toyota-to-cut-production-by-40-globally\/517\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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