 "Toyota")
Toyota Motor Corp.’s global output dropped by more than a quarter in October from a year earlier, as a shortage of semiconductors and other parts continued to impact automakers.
The world’s No. 1 carmaker said Monday it produced 627,452 vehicles in October, down from 845,107 units a year earlier.
Global sales also fell 20% for the month to677,564 units.Japanese automakers have struggled to restore production levels due to outbreaks of coronavirus cases in Southeast Asia as well as a shortage of parts and semiconductors.
The chip crunch is projected to cost the auto industry $210 billion in
The world’s No. 1 carmaker said Monday it produced 627,452 vehicles in October, down from 845,107 units a year earlier.
Global sales also fell 20% for the month to677,564 units.Japanese automakers have struggled to restore production levels due to outbreaks of coronavirus cases in Southeast Asia as well as a shortage of parts and semiconductors.
The chip crunch is projected to cost the auto industry $210 billion in
