Nagoya – Toyota Motor Corp. said Monday its global output increased 11.9% in July from a year earlier to 773,135 vehicles, but the pace of increase has been slowing on the coronavirus pandemic and a global shortage of semiconductors.
The output grew for the 11th straight month but the rate of rise was well below the 41.2% gain in June. The top Japanese automaker is expecting a production cut ahead due to difficulties in securing components amid surging coronavirus cases in Southeast Asia, where many suppliers are based.
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