Volkswagen and Toyota face production cuts due to chip shortage
World’s largest carmaker will slash output by 40% in September as Covid-19 outbreaks hit semiconductor supplies
Volkswagen and Toyota have become the latest carmakers to warn about production cuts because of the global computer chip shortage.
German car manufacturer Volkswagen said a semiconductor supply crunch could force it to slow production lines during the autumn, adding to cuts that have been in place since February. Japanese firm Toyota also reported that it would slash output by 40% in September.