News / The chips stay down for carmakers, with no open road in sight

Toyota Car Production Line Nagoya Japan Photo 147480070 © Rumata7 Dreamstime.com

02/02/2022

Shareholders in Toyota had little room for cheer last month, as the world’s largest automaker expects to miss its production target of 9m vehicles for the year.

The blame is laid mainly on a year-long shortage of semiconductors.

The company will build 700,000 cars this month, up ...

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