Toyota said its annual vehicle output will likely come in below its initial guidance, as a persistent global chip shortage hinders efforts by the company to increase production, Reuters' Satoshi Sugiyama reports. The car maker did not say by how much its output target will be cut, but output in the first five months of this fiscal year was 6.7% short of its initial targets, the author notes. Reference LinkPublished first on TheFlySee today’s best-performing stocks on TipRanks >>Read More on TM:2 Solid Auto Stocks Taking a ‘Hybrid’ Approach to ElectrificationEU passenger car registrations up 9.
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