Toyota halts production at 2 Japan factories due to supply shortage
Reuters
Published Dec 09, 2021 02:59AM ET
Updated Dec 09, 2021 03:22AM ET
TOKYO (Reuters) -Toyota Motor Corp has halted production at two factories in Japan due to a supply shortage, a spokesperson told Reuters on Thursday.
The stoppage means that Toyota cannot return to normal operations in December as it had originally planned.
The automaker had previously said that it hoped to return to normal production for the first time in seven months in December, after supply shortages disrupted production.
Production at the factories was halted on Wednesday and the suspension is expected to continue for about three days, the spokesperson told Reuters, who added this was prompted by a supply chain disruption in Japan as well as a lack of labour in Vietnam due to the COVID-19 pandemic.
The company expects a production fall of 3,500 vehicles from the stoppage, but will keep its target to produce 9 million vehicles worldwide during the financial year ending on March 31, the spokesperson said.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.