TOKYO—Toyota Motor Corp. is cutting its global production target in April to 750,000 vehicles, down 150,000 from an earlier plan, the automaker said on Thursday, as a semiconductor shortage and the COVID-19 pandemic bite into its plans.
The news comes about a week after Toyota said it would scale back domestic production by up to 20 percent during the months of April, May, and June to ease the strain on suppliers battling shortages of chips and other parts.
