Toyota’s Czech plant to halt production in February

 Toyota operates one of three plants in the country and increased output by 34.9% year-on-year to 202,255 cars last year.
Toyota operates one of three plants in the country and increased output by 34.9% year-on-year to 202,255 cars last year.

The Czech plant of Japan’s Toyota Motor Corp will halt production for the month of February amid a parts shortage, the company said on Tuesday.

“Due to a shortage of components in the supply chain, we will be forced to halt production temporarily from Jan. 31,” spokesperson Tomas Paroubek said.

The Czech economy relies heavily on the car industry, which has been on the mend as it works through supply snags and lends some support to an economy being hit by high inflation.

Toyota operates one of three plants in the country and increased output by 34.9% year-on-year to 202,255 cars last year.

The Czech Automotive Industry Association reported production rose overall by 10.2% in 2022, to 1.218 million vehicles, with Volkswagen unit Skoda Auto the main manufacturer.

Also Read:

As elsewhere in Europe, Spanish car production has been hampered in the past few years by semiconductor shortages, temporary factory closures and supply chain bottlenecks after the 2020 global outbreak of the COVID-19 disease.


Shares of GE fell about 1% before the opening bell after the company forecast an operating loss between $600 million and $200 million for its energy business GE Vernova in 2023.

Follow and connect with us on , Facebook, Linkedin, Youtube

Go to Source