FILE PHOTO: A logo of Toyota is pictured at Bangkok Auto Salon 2019 in Bangkok, Thailand, July 4, 2019. Picture taken July 4, 2019. REUTERS/Athit Perawongmetha
JOHANNESBURG (Reuters) – The South African unit of Toyota (7203.T) could see its production drop by around 15-20% in 2020, its president and CEO Andrew Kirby said on Wednesday.
The division had already lost production of around 13,500 units due to a nationwide lockdown in South Africa, set to last five weeks, Kirby told a virtual media briefing.
Its annual production volume normally stands at around 135,000-150,000 units.
Reporting by Emma Rumney; editing by Jason Neely
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