Toyota to slash production plan, suspend some domestic operation due to COVID lockdown in China

A Toyota Motor Corp. brand is seen on a automobile on the Worldwide Auto Present in Mexico Metropolis, Mexico November 23, 2017. REUTERS/Henry Romero

TOKYO, Could 10 (Reuters) – Toyota Motor Corp (7203.T) stated on Tuesday it could droop operations on 14 strains at eight home factories for as much as six days in Could as a result of COVID lockdown in China.

The length will probably be between Could 16 and Could 21, the corporate stated, increasing the variety of strains and factories affected by partial suspension to a complete of 20 and 12, respectively.

The partial suspension would have an effect on output of about 30,000 automobiles.

It additionally slashed international manufacturing goal for the month by round 50,000 to 700,000.

It didn’t present an estimate for misplaced manufacturing in an announcement.

Toyota’s announcement is one other instance of automakers being pressured to chop again manufacturing on account of COVID lockdown in Shanghai.

Tesla Inc (TSLA.O) has halted most of its manufacturing at its Shanghai plant as a consequence of issues securing elements for its electrical automobiles, based on an inside memo seen by Reuters. learn extra

Shanghai is in its sixth week of an intensifying lockdown that has examined the flexibility of producers to function amid onerous restrictions on the motion of individuals and supplies.

(This story formally corrects paragraph 3 after firm modified the estimated impression on output from partial suspension.)

Reporting by Satoshi Sugiyama, Modifying by Louise Heavens

: .