April surge stands out among industries as economy absorbs interest rates drag.
Automaker to pause production at Fort Wayne Assembly truck plant, which builds full-size trucks.
Report forecasts production cuts resulting from issue this year.
Latest in string of production changes blamed on chip shortages.
Demand for new vehicles in the United States remains strong despite rising interest and loan rates, reported CEO Tomomi Nakamura.
Soaring material and parts costs offset benefits gained from a plunging Japanese yen and production rebound.
LMC Automotive and J.D. Power predict U.S. auto retail sales will rise in October as supply chains improve and make more vehicles available to dealerships.
Continuing chip shortage bedevils world’s biggest carmaker, which falls short of a new record.
Ongoing shortage forcing brands to trim production, especially in North America.
The automaker has dialed down its worldwide production schedule for July by 50,000 vehicles to 800,000.
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