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Toyota cuts September global production by 40% due to chip shortage

On August 19, Toyota Motor Corporation said that it would reduce its production by 40% in September, resulting in a production decline of 360,000 units to 440,000 units for the month. Of the production cuts, approximately 140,000 units will be cut in Japan, 80,000 in the U.S., 80,000 in China, 40,000 in Europe, and 1....

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