Toyota to cut global production by 100,000 in June By Reuters

© Reuters. FILE PHOTO: A car is pictured at the Toyota assembly plant in Zarate, on the outskirts of Buenos Aires, Argentina March 15, 2021. REUTERS/Agustin Marcarian/File Photo

TOKYO (Reuters) – Toyota Motor (NYSE:) Corp will cut its global production plan by about 100,000 to roughly 850,000 in June due to the semiconductor shortage, it said on Tuesday.

The company did not change its estimate of producing about 9.7 million vehicles worldwide by March 2023.

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