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Toyota Motor and Honda Motor were upbeat about their full-year profit prospects on Wednesday as tight vehicle supplies caused by a chip shortage allowed Japans two biggest automakers to charge. Toyota and other automakers have been forced to curb production even as demand in key markets such as China has rebounded.
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German car manufacturer Volkswagen said a semiconductor supply.
. Tesla cut steering component from some cars to deal with chip shortage. Reports CNBC says the automaker shipped tens of thousands of cars without the part so it could meet its sales goals Author. Toyota he added could not predict how long the chip shortage would last.
Volkswagen and Toyota have become the latest carmakers to warn about production cuts because of the global computer chip shortage.
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