Toyota Succumbs to Chip Shortage and Shuts Factories

Electronic technician holding tweezers and assemblin a circuit board.

The global semiconductor shortage has finally started to bite at Toyota Motor Corp., highlighting how prolonged disruptions in the global supply chain in the wake of the Covid-19 pandemic are hitting even the best-prepared companies. Japan’s largest car maker said Thursday it was cutting production in the country by 40% in September because of a… Continue reading Toyota Succumbs to Chip Shortage and Shuts Factories