The Toyoita factory in Onnaing, which assembles little Yaris, has been shutdown since mid-March due to the coronavirus epidemic. It should restart on April 21 with two teams, against three before the epidemic. “We wanted to make a gradual restart to have a serene atmosphere and get the staff used to collective and individual protection… Continue reading Production to resume on April 21 at Toyota’s Onnaing plant
Tag: Toyota
Chinese automakers move into Myanmar to battle Japanese rivals
YANGON — Chinese automakers are ramping up local production in Myanmar as they go head to head with dominant and entrenched Japanese rivals in the fast-growing market. There was a fivefold increase in the number of new cars sold in Myanmar in the three years to 2019, when sales hit 21,916, according to data from… Continue reading Chinese automakers move into Myanmar to battle Japanese rivals
Nissan reportedly wants a $4.6 billion lifeline to ‘engineer a desperately needed turnaround’ amid the coronavirus pandemic
With the ongoing COVID-19 pandemic, car sales have plummeted and factories have been idled – leaving many automakers scrambling for cash.Nissan isn’t the only automaker struggling right now, however.Toyota, Fiat Chrysler, and others have also requested new credit lines while people continue to stay home and car sales plummet as a result.A supposed restructuring plan, scheduled to roll out next month and through March 2023, could slash 1 million cars from annual sales targets.
Nissan restructuring may assume cut of 1 mln cars to annual sales target -sources
TOKYO/BEIJING (Reuters) – Nissan Motor Co Ltd’s (7201.T) management has become convinced the struggling automaker needs to be much smaller and a restructuring plan due out next month would likely assume a cut of 1 million cars to its annual sales target, senior company sources said. FILE PHOTO: A Nissan logo is pictured during the… Continue reading Nissan restructuring may assume cut of 1 mln cars to annual sales target -sources
UPDATE 1-Volkswagen furloughs 1,500 workers at Tennessee auto plant starting April 11
FILE PHOTO: The Volkswagen Chattanooga Assembly Plant in Chattanooga, Tennessee November 4, 2015. REUTERS/Tami Chappell (Reuters) – Volkswagen AG (VOWG_p.DE) said Thursday it will furlough 1,500 workers at its U.S. assembly plant in Tennessee starting April 11 as the industry grapples with the ongoing coronavirus pandemic. The German automaker said the temporary emergency furloughs for… Continue reading UPDATE 1-Volkswagen furloughs 1,500 workers at Tennessee auto plant starting April 11
@Toyota: Toyota Research Institute’s Kelly Kay Is Transforming Mobility
Toyota Research Institute (TRI) Executive Vice President and Chief Financial Officer, Kelly Kay, is a proponent of change. So much so, she’s centered her entire career around helping companies transform and grow. Early in her career, which began in the banking industry, she helped move the company online at a time when no one else… Continue reading @Toyota: Toyota Research Institute’s Kelly Kay Is Transforming Mobility
Toyota to halt Indonesia production as Jakarta locks down
JAKARTA — Toyota Motor will temporarily shut down production in Indonesia, Nikkei learned Thursday, with the government ordering a partial lockdown in the capital to stem the spread of the novel coronavirus. Toyota will halt operations from Monday through April 17. Toyota subsidiary Daihatsu Motor is to suspend production for eight days starting Friday. Toyota’s annual output capacity in the country totals… Continue reading Toyota to halt Indonesia production as Jakarta locks down
Nissan seeks $4.6bn credit line to raise liquidity amid pandemic
TOKYO — Nissan Motor is seeking a credit line worth 500 billion yen ($4.6 billion) from Japanese banks, led by Mizuho Bank. The move is aimed at staving off funding problems for the Japanese automaker as vehicle sales plunge amid the new coronavirus outbreak. The Japanese automaker decided to make the request at a board meeting on… Continue reading Nissan seeks $4.6bn credit line to raise liquidity amid pandemic
Press Releases – Corona crisis: almost 1.5 million vehicles in production losses for European auto makers
Brussels, 9 April 2020 – Factory shutdowns as a result of the COVID-19 crisis have resulted in lost production amounting to 1,465,415 motor vehicles to date, according to new figures published by the European Automobile Manufacturers’ Association (ACEA). This figure – covering passenger cars, trucks, vans, buses and coaches – is up from 1.2 million… Continue reading Press Releases – Corona crisis: almost 1.5 million vehicles in production losses for European auto makers
@Toyota: Navigating a Global Crisis: TMNA’s Bob Carter on the Company’s COVID-19 Response
As the world continues to focus on the COVID-19 pandemic, Toyota remains committed to helping its team members, customers and communities. Bob Carter, executive vice president of sales for Toyota Motor North America (TMNA), has been through challenging times before in his previous roles as senior vice president of Toyota Motor Sales (TMS) and group… Continue reading @Toyota: Navigating a Global Crisis: TMNA’s Bob Carter on the Company’s COVID-19 Response