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Toyota Motor Corporation (TM)

NYSE - NYSE Delayed Price. Currency in USD
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152.94-3.26 (-2.09%)
At close: 04:00PM EDT
156.08 +3.14 (+2.05%)
Pre-Market: 08:34AM EDT
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  • Reuters

    Toyota says no change to plan to produce 9.7 million vehicles globally this year

    Toyota Motor Corp said on Wednesday it would hold to its plan to produce 9.7 million vehicles globally this fiscal year, even as it announced another stoppage related to the spread of COVID-19. The Japanese automaker is seeking to boost production in earnest after COVID lockdowns in China and a global chip shortage forced it to repeatedly scale back output in the April-June quarter. Toyota says it expects to produce about 850,000 vehicles globally in September and would seek to raise production through November, depending on supplies of parts and personnel.

  • Bloomberg

    Chipmakers Tumble on Warnings of Worst Downturn in a Decade

    (Bloomberg) -- Semiconductors stocks tumbled after Micron Technology Inc. became the latest chipmaker to warn about slowing demand, triggering concern the industry is heading into a painful downturn. In the US, the Philadelphia semiconductor index sank 4.6% on Tuesday with all 30 members in the red, its biggest fall in about two months. In Asia, chip stocks from Taiwan Semiconductor Manufacturing Co. to Samsung Electronics Co., SK Hynix Inc. and Tokyo Electron Ltd. slumped. Investors are growing

  • Reuters

    Toyota suspends some Japan factory production due to COVID outbreak

    Toyota Motor Corp said it would suspend the night shift operation on Tuesday at one production line at its factory in central Japan due to an outbreak of COVID-19, after it suspended operations there also on Monday night. The suspension comes as the Japanese automaker seeks to boost its production in earnest after COVID-19 lockdowns in China and a global chip shortage forced it to repeatedly scale back output in the April-June quarter, falling about 10% short of its initially planned target. A total of 16 workers at the Tsutsumi plant in Aichi Prefecture were infected with COVID, making it hard for the company to secure enough workers for operations, the company said in a statement on Tuesday.

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