A global semiconductor shortage is likely to lower automaker Toyota's full-year output target
said on Friday its annual vehicle production was likely to come in below its initial target, as a persistent global semiconductor shortage hampers efforts by the world's biggest car maker by sales to boost output.
A revised target will be disclosed once the outlook for production becomes clearer, a Toyota spokesperson said.A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouyhopes shared by Japanese automakers that the chip shortage would ease and allow them to increase production in the second half of the financial year to make up for constrained output in the first half.
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