Toyota Motor Corp. plans to scale back domestic production in Japan over the next three months because of a supply crunch in chips and other parts that has slammed the global auto industry.
Earlier this week, we covered Toyota stressing over the feasibility of its current production plans. Automakers around the world are presently trying to suss out how to maintain solid profitability with diminished output, with Japan’s largest manufacturer suggesting the present state of the world might force it to do likewise. While we assumed the resulting […]