Carmakers signal end of shortages after two years of runaway prices

FILE PHOTO: A technician works on the final inspection of an electric Volkswagen ID. 4 car model at the production plant of the Volkswagen Group in Zwickau, Germany, April 26, 2022. – REUTERS/Matthias Rietschel/File Photo

The world’s biggest car maker is ramping up production after three years of disruption, adding to hopes of cheaper cars and shorter waiting times for drivers.

Toyota, the world’s top car producer, plans to surpass pre-pandemic production levels this year, it said on…

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