WION Business News | Toyota cuts output target amid chip crunch
Edited By WION Video Desk
Published: Nov 02, 2022, 06:15 IST | Updated: Nov 02, 2022, 06:15 IST
Toyota Motor Corp on Tuesday posted a worse-than-expected 25% drop in quarterly profit and cut its annual output target, as the Japanese firm battles surging material costs and a persistent semiconductor shortage.
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