Posted Saturday, September 11, 2021 at 10:28pm

Japan automakers slash production plans by over 1 million units

Six of Japan’s big automakers, including Toyota Motor, will cut production plans for the current fiscal year by more than 1 million vehicles, a decrease on the same level as the previous year that saw a major cutback due to the coronavirus pandemic.
The impact of the surge in coronavirus infections in Southeast Asia, which is a major supply base for in-vehicle semiconductors, is the main cause for the cuts, and is also being felt by automakers in Europe and the U.S.