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Toyota will cut global vehicle production by 38,000 units through November.
Toyota will cut global vehicle production by 38,000 units through November due to the Middle East crisis.
KEY POINTS
- The production cuts will mainly impact trucks made in Asia for the Middle East market.
- Toyota had previously reduced Middle East market production by 24,000 units in April and 20,000 in March.
- The US Navy began blockading all maritime traffic to and from Iranian ports on April 13.
COMPANIES
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