fared better than rivals, having built a larger stockpile of chips under a business continuity plan adopted after the 2011 earthquake and the Fukushima nuclear disaster.
But a resurgence in Covid-19 cases across Asia has compounded the semiconductor crunch. A Toyota executive said the September cuts included 14 factories in Japan and overseas plants, and that it was reducing its planned global production that month by around 360,000 vehicles.
Japan's Nikkei daily had recently reported that the global chip shortage was behind Toyota's planned reduction in new vehicles.
The Nikkei said Toyota would also scale back production in North America, China and Europe from early September. Microchips are essential for the electronics systems of