Toyota yearly production target hit by chip shortage

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TOKYO, Japan (AFP) – The world’s top-selling carmaker Toyota said Tuesday it no longer expects to meet its annual production target with operations hampered by the global chip crunch. A worldwide shortage of microchips — essential components of modern cars — has forced many automakers including Toyota to slow or temporarily halt production. In September, the Japanese giant lowered the number of vehicles it hopes to make in the year to March 2022 to nine […]