Semiconductor Shortage Puts World’s Largest Automaker At Risk

A semiconductor supply crunch is forcing world-leading car manufacturers Volkswagen and Toyota to slash vehicle production. Toyota, the world’s largest carmaker, announced it will cut production by 40 percent in September. Instead of making 900,000 as planned the manufacturing giant will now produce just 500,000 cars. Likewise, Volkswagen’s parent plant in Wolfsburg confirmed that it will have to restart manufacturing at limited capacity in the coming weeks. Some models are currently unavailable for order, which will lead to further…