Toyota’s head of purchasing, Kazunari Kumakura, said Tuesday it would be “very difficult” to meet a target of making 9 million vehicles in the year through March due to supply-chain challenges, including semiconductor shortages. While the Japanese automaker didn’t set a new target for the year, it said it is cutting February production by about 150,000 units.
Toyota pared its loss to 2.8% as of 9:32 a.m. in Tokyo. That’s the biggest drop since Dec. 20 and trims its 2022 gain to 12%.SMBC Nikko Securities analyst Toshihide Kinoshita said it was noteworthy that even Toyota, with its relatively strong supply-chain management, can’t meet production targets. “The situation at other companies must be even more challenging,” Kinoshita wrote in a note.
Shares of Japanese automakers more broadly were lower Wednesday. Nissan Motor Co., Honda Motor Co. and Mazda Motor Corp. all fell more than 1%. Toyota said Tuesday that while it is looking to produce a high number of cars in March and in the new fiscal year starting April, “there are still risks and with Covid continuing to spread, conditions are proving difficult to read.”
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
MARKET WRAP: JSE rebounds after Friday’s sell-offAn unexpected interest rate cut by the People’s Bank of China for the first time in almost two years had a positive effect on global sentiment I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent williamchurch09 guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work
स्रोत: BDliveSA - 🏆 12. / 63 और पढो »