“The world’s biggest carmaker had planned to make almost 900,000 cars next month, but has now reduced that to 540,000 vehicles.”
Toyota held out longer than GM, Ford and VW because it stockpiled chips after Fukushima. Just-in-time was its own invention, and it was the one that kept a buffer. Even that ran dry. The rest of the industry spent a decade cutting inventory to the bone and now waits in line.