Toyota Motor Corp. will scale back domestic production by up to 20% during the months of April, May and June, it said on Friday, to ease the strain on suppliers struggling with shortages of chips and other parts.
The move by the car giant is the latest to spotlight the supply-chain difficulties hobbling the global auto industry as the COVID-19 pandemic drags on. The outlook has been further complicated by the war in Ukraine.
Toyota plans to reduce domestic production by about 20% in April, about 10% in May and about 5% in June from an earlier production plan, a spokesperson said. Production would still remain high, as the previous plan factored in the need to make up for lost output, the spokesperson said.