TOKYO (Reuters) – Japanese auto parts maker Denso Corp (6902.T) said on Thursday it has slashed global production by around 50% due to the coronavirus, adding its supply chain could be affected in the coming months if the outbreak is prolonged. FILE PHOTO: Denso Corp’s robot arm “Denoute-san” plays Japanese chess, also known as Shogi,… Continue reading Toyota supplier Denso halves output on virus as profit hits 11-year low
Tag: Toyota
Denso cuts global production by 50% on virus, FY profit hits 11-year low
TOKYO (Reuters) – Japanese auto parts maker Denso Corp (6902.T) said on Thursday it has slashed global production by around 50% due to the coronavirus, adding its supply chain could be affected in the coming months if the outbreak is prolonged. FILE PHOTO: Denso Corp’s robot arm “Denoute-san” plays Japanese chess, also known as Shogi,… Continue reading Denso cuts global production by 50% on virus, FY profit hits 11-year low
UPDATE 2-Volkswagen, Toyota delay restarting U.S. production
(Reuters) – Volkswagen AG (VOWG_p.DE) and Toyota Motor Corp (7203.T) said Wednesday they will delay restarting U.S. production amid the coronavirus pandemic and concerns about the automotive supply network. FILE PHOTO: A general view of the Volkswagen construction plant which reopened after closing down last month due to the coronavirus disease (COVID-19) outbreak in Bratislava,… Continue reading UPDATE 2-Volkswagen, Toyota delay restarting U.S. production
@Toyota: Toyota Postpones North American Operations Until Week of May 11th
Based on an extensive review with our supplier and logistics network, Toyota will postpone its ramp up of its North American manufacturing operations from the week of May 4 to the week of May 11. As previously stated, Toyota intends to gradually resume its manufacturing operations in compliance with federal health and safety guidelines, and local… Continue reading @Toyota: Toyota Postpones North American Operations Until Week of May 11th
Self-driving vehicles get in on the delivery scene amid COVID-19
SAN FRANCISCO (Reuters) – Self-driving cars, trucks, sidewalk robots and shuttles are rolling out of the labs and parking garages and onto American streets to help deliver groceries, meals, and medical supplies. Although self-driving car companies have paused on-road testing in the U.S., as it is not considered an essential business, pivoting to deliveries allows… Continue reading Self-driving vehicles get in on the delivery scene amid COVID-19
@Toyota: Toyota Releases Sales, Production, and Export Results for March 2020
Toyota City, Japan, Apr 28, 2020 – (JCN Newswire) – Toyota Motor Corporation (TMC) announces its sales, production, and export results for March 2020 as well as the cumulative total from January to April 2020 and the fiscal year from April 1, 2019 to March 31, 2020, including those for subsidiaries Daihatsu Motor Co., Ltd.… Continue reading @Toyota: Toyota Releases Sales, Production, and Export Results for March 2020
@Toyota: TMC Announces Results for March 2020 and Fiscal Year Ended March 31, 2020
Toyota City, Japan, April 28, 2020―Toyota Motor Corporation (TMC) announces its sales, production, and export results for March 2020 as well as the cumulative total from January to April 2020 and the fiscal year from April 1, 2019 to March 31, 2020, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd. To… Continue reading @Toyota: TMC Announces Results for March 2020 and Fiscal Year Ended March 31, 2020
@Toyota: Toyota Group Engaged in Full Production of Medical Face Shields
Toyota City, Japan, April 28, 2020―Toyota Motor Corporation (Toyota) and Toyota Group companies are engaged in full-scale production of medical face shields in Japan, with Toyota largely expanding its production capacity from 500 to 600 units per week by approximately 20 times to start production of 40,000 units per month (approximately 2,000 units per day)… Continue reading @Toyota: Toyota Group Engaged in Full Production of Medical Face Shields
Mitsubishi Motors seeks $2.8bn in loans
TOKYO — Mitsubishi Motors has requested 300 billion yen ($2.8 billion) in financing from domestic and foreign lenders as the coronavirus pandemic clouds the outlook for the auto industry, Nikkei learned Tuesday. This total includes 200 billion yen from Japanese private- and public-sector financial institutions. The automaker is in talks for a syndicated loan from… Continue reading Mitsubishi Motors seeks $2.8bn in loans
Nissan forecasts up to $886m annual net loss
TOKYO — Nissan Motor downgraded its earnings forecast for the fiscal year ended March to a net loss of as much as 95 billion yen ($886 million), as the company continues to be hit severely by the impact of the novel coronavirus crisis. The Japanese carmaker announced on Tuesday that its net income could be… Continue reading Nissan forecasts up to $886m annual net loss