Toyota Extends Partial Production Halt At Two Plants In Japan: Report
Portfolio Pulse from Shivani Kumaresan
Toyota Motor Corp (NYSE:TM) has temporarily halted operations at three production lines across two domestic assembly plants due to an accident at its supplier, Chuo Spring. The incident, involving a building explosion, has also disrupted the production processes of Toyota Auto Body and Toyota Industries. The setback has impacted the manufacturing of minivans like the Alphard and some Land Cruiser models, including those intended for overseas markets.
October 17, 2023 | 12:42 pm
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Toyota's temporary halt in production due to an accident at its supplier could potentially impact its short-term revenue and stock price.
The halt in production at Toyota's plants due to an accident at its supplier, Chuo Spring, could potentially lead to a decrease in the production of certain vehicle models. This could impact Toyota's revenue in the short term, which could in turn affect its stock price.
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