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Why is Toyota slashing production by almost half?

Published

3 years ago

on

August 20, 2021

By

TOYOTA is set to slash its September vehicle production by 40 percent as the global chip shortage continues

The chip shortage has worsened throughout the pandemic… as consumers reach for more appliances that rely on the technology – like phones, TVs and other smart devices.

Toyota is the world’s biggest car manufacturer and it will cut global production from 900,000 cars in September to 540,000.

This follows Volkswagen saying it also expects the third quarter vehicle production to be much lower, with the supply of chips “volatile and tight”.

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Trump will plead not guilty to revised 2020 election criminal charges

<img alt='' data-srcset='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=92&d=mm&r=g 2x' height='46' width='46' decoding='async' data-src='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=46&d=mm&r=g' class='avatar avatar-46 photo lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img alt='' src='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=46&d=mm&r=g' srcset='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=92&d=mm&r=g 2x' class='avatar avatar-46 photo' height='46' width='46' decoding='async'/>

Published

2 days ago

on

September 5, 2024

By

ticker NEWS

Former U.S. President Donald Trump will plead not guilty to fresh criminal charges in a revised indictment accusing him of attempting to overturn the 2020 election.

In a court filing, Trump waived his right to appear in court, authorising his lawyers to enter the plea on his behalf.

This revised indictment, brought by Special Counsel Jack Smith, maintains the original four charges, including obstructing Congress and defrauding the United States. #featured #trending

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Harris promises to boost SME in the U.S. with $50,000 tax deduction

<img alt='' data-srcset='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=92&d=mm&r=g 2x' height='46' width='46' decoding='async' data-src='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=46&d=mm&r=g' class='avatar avatar-46 photo lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img alt='' src='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=46&d=mm&r=g' srcset='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=92&d=mm&r=g 2x' class='avatar avatar-46 photo' height='46' width='46' decoding='async'/>

Published

3 days ago

on

September 4, 2024

By

ticker NEWS

Vice President Kamala Harris is set to propose a significant tax deduction for new small businesses.

Under the plan, startups could claim up to $50,000 in tax deductions, providing crucial financial relief during the critical early years of operation.

This initiative aligns with efforts to stimulate economic growth and job creation across the country, particularly in sectors hard-hit by the pandemic. #featured #trending

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Fed Reserve close in on Sep rate cut amid cooling inflation

<img alt='' data-srcset='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=92&d=mm&r=g 2x' height='46' width='46' decoding='async' data-src='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=46&d=mm&r=g' class='avatar avatar-46 photo lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img alt='' src='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=46&d=mm&r=g' srcset='https://secure.gravatar.com/avatar/f9af6537dcef4e0949cf2607b543ceaa?s=92&d=mm&r=g 2x' class='avatar avatar-46 photo' height='46' width='46' decoding='async'/>

Published

4 days ago

on

September 3, 2024

By

ticker NEWS

The Federal Reserve is anticipated to announce a rate cut in September following signs of cooling inflation.

Economic indicators suggest a slowdown in price increases, providing room for the Fed to adjust policy rates. #featured #trending

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