Toyota Motor is not currently facing a chip shortage due to Chinese export restrictions on Nexperia, CEO Koji Sato said, though they are monitoring production risks. The ban on Nexperia’s products has led to global automakers scrambling for chips, with Japanese automakers aiming to standardize chips to prevent shortages.

Nissan has enough chips to last until early November, CEO Sato clarified that there are no plans to revise the tender offer price for Toyota Industries despite shareholder criticism. The offer to take the forklift maker private is part of a broader Toyota group restructuring, with a focus on transparency and minority shareholder interests.

Read more at Yahoo Finance: Toyota does not face immediate chip shortage from Nexperia, CEO says