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Feb 9, 2022

The global chip shortage bites Toyota, the world’s best-selling car maker

From the BBC World Service: Profits at the Japanese carmaker dropped 21% in the fourth quarter. Now, the disruption means Toyota plans to make half a million fewer cars in the next year. Plus, the British parliament’s spending watchdog says Brexit has increased costs, paperwork and border delays. And, will Uganda benefit from a new deal with French and Chinese energy companies to develop some of its oil reserves?

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Toyota's strong relationships with its chip suppliers, could put it in a stronger position than its competitors.
Toyota's strong relationships with its chip suppliers, could put it in a stronger position than its competitors.
KAZUHIRO NOGI/AFP via Getty Images

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The global chip shortage bites Toyota, the world’s best-selling car maker