Toyota Faced Major Delays At Mexican Plant Due To Labor Shortages
Portfolio Pulse from Shivani Kumaresan
Toyota Motor Corp (NYSE:TM) is facing significant production delays at its Tijuana, Mexico plant due to labor shortages and technical problems. These issues have led to multiple stoppages, impacting the production of the Tacoma pick-up truck. The company is working with suppliers to mitigate the impact but is also dealing with other challenges, including a safety test scandal and governance issues. As a result, Toyota has delayed the launch of its electric vehicles in the U.S. by six months. Despite these challenges, Toyota's stock has gained over 51% in the last 12 months.
May 17, 2024 | 12:53 pm
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NEGATIVE IMPACT
ActivePassive International Equity ETF (NYSE:APIE) provides exposure to Toyota. The ETF may be affected by Toyota's production delays and other issues.
APIE, which includes Toyota, may be impacted by the production delays and other challenges faced by Toyota. The negative outlook for Toyota could affect the performance of the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Investors can gain exposure to Toyota's stock through the Avantis International Large Cap Value ETF (NYSE:AVIV). The ETF may be impacted by Toyota's production delays and other challenges.
As an ETF that includes Toyota, AVIV may be impacted by the production delays and other challenges faced by Toyota. The negative outlook for Toyota could affect the performance of the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Toyota is experiencing significant production delays at its Tijuana plant due to labor shortages and technical problems, affecting the Tacoma pick-up truck. The company is also dealing with a safety test scandal and governance issues, leading to a delay in the U.S. launch of its electric vehicles by six months.
The production delays and technical issues at the Tijuana plant are significant as they affect the production of the Tacoma pick-up truck, a key product for Toyota. Additionally, the delay in the U.S. launch of electric vehicles and ongoing governance issues add to the negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100