Toyota cuts production due to Covid lockdown in Shanghai


Source: economywatchng.com economywatchng.com

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Toyota says it will suspend operations at more production lines at its factories in Japan this month due to the coronavirus lockdown in Shanghai. The firm says the production halt will come into effect on Monday and stay in place until of end of next week. It is the latest big car maker to announce that it is being impacted by the Covid-19 measures in China. Meanwhile, Tesla has reportedly halted most production at its Shanghai plant due to problems with sourcing parts. “Due to the impact of the semiconductor shortage, we announced our revised production plan for May,” Toyota...