Chip shortages and electric transformation put traditional carmakers under pressure | DW News

Toyota is lowering its planned global output in November by up to 15 Percent - or 150,000 cars. That's because of a shortage of semiconductors and the power crunch in China. The Japanese automaker has already cut production for September and October by 40% as the resurgence of COVID-19 infections in Southeast Asia disrupts the supply chain for auto parts. Toyota says it's maintaining its global production forecast for the year to March at 9 million vehicles despite the latest output cuts.

meanwhile German carmaker Volkswagen has to be more efficient in shifting to the production of all-electric cars, if it wants to be on a par with Tesla. Will it have to shed many jobs to compete budget excesses.

Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1

For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
►Instagram: https://www.instagram.com/dwnews
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch
#Carmakers #AutomotiveIndustry #ChipShortage