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27 Jun
07:59

Toyota cuts production for July

Toyota has decided to slash its July automobile output plan due to parts shortage resulting from the spread of Covid-19. It had earlier predicted such a move when it cut output in June for the second time days earlier, Kallanish notes. Monthly output is scheduled for a reduction of 50,000 units from the number provided to suppliers at the beginning of the year. Global production volume in the month thus is expected to be approximately 800,000 units.…
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