Global Economic Crisis: Toyota cutting production by 40% as supply chains disintegrate. GM and Ford halting production as auto industry goes belly up.
Toyota, hurt by the chip shortage, will reduce output 40 percent in September. Toyota Motor, the world’s largest automaker, plans to cut production worldwide 40 percent in September because of a shortage of computer chips that the company had avoided being hurt by until now. The move will affect 14 plants in Japan and reduce output by … Read more