Toyota Cuts November World Car Manufacturing Plan by 15%

© Reuters. FILE PHOTO: The Toyota logo is seen on a Corolla model at the 89th Geneva International Motor Show in Geneva, Switzerland, March 5, 2019. REUTERS / Denis Balibouse / file photo

TOKYO (Reuters) – Toyota Motor (NYSE 🙂 Corp said Friday that it will cut planned global production by up to 15% in November as the COVID-19 pandemic slowed car chip production.

Japan's leading automaker announced in a press release that it would produce between 100,000 and 150,000 fewer vehicles than originally planned.

Toyota last month reduced its full-year production plan for the year ended March 31 to 9 million from 9.3 million due to lower production in September and October. On Friday it was said that they would stick to this goal.

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