TOKYO -- Toyota Motor Corp. will cut global production for a third time next month as the pandemic and global shortage of automotive microchips continue to bite, but the impact will not be as painful as before and Japan's biggest automaker finally sees signs of recovery on the horizon.
"I think we are over the worst period," global procurement manager Kazunari Kumakura said.
Toyota will produce between 850,000 and 900,000 vehicles worldwide in November, the company announced on Friday. The total represents a 15 per cent cutback from Toyota's revised November production plan to produce 1 million vehicles in the month.