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Toyota extends partial production stoppage in Japan on supply shortage -Kyodo -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – An employee at Toyota Motor Corp. works in the Motomachi factory, Toyota, Aichi prefecture. May 17, 2018, 2018. Picture taken May 17, 2018. REUTERS/Issei Kato

TOKYO (Reuters). Toyota Motor (NYSE 🙂 Corp announced that it would suspend partial production at two Japanese factories because of COVID-19 supply disruptions in Southeast Asia. Kyodo news reported.

According to Kyodo, the lost production due to the December suspension would be approximately 14,000 instead of the 9,000 that it flagged last Friday.

These cuts are made by the largest automaker in the world, as it tries to compensate for lost production due to supply-chain interruptions in Malaysian and Vietnamese.

Kyodo announced that Toyota will keep its fiscal year 2021 global production target at 9 million units.

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