Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Toyota says Japan plants may be affected by virus-related supply issues

Published 02/26/2020, 06:44 AM
Updated 02/26/2020, 06:44 AM
© Reuters. A man walks past a Toyota logo at the Tokyo Motor Show

© Reuters. A man walks past a Toyota logo at the Tokyo Motor Show

TOKYO (Reuters) - Toyota Motor Corp (T:7203) on Wednesday said that operations at its plants in Japan may be affected by supply chain issues linked to the new coronavirus outbreak in the coming weeks, as the global outbreak gathers pace.

The automaker, which operates 16 vehicle and components sites in Japan, said that it would decide on how to continue operations at its domestic plants from the week of March 9, after keeping output normal through the week of March 2.

Plants may be affected by potential supply disruptions in China as some plants in the epicentre of the virus outbreak remain are unable to produce and transport goods, while some plants remain closed under orders by regional authorities.

"We are receiving parts from China as normal for the moment, but we will assess the situation after the week of March 2," a Toyota spokeswoman told Reuters.

Japan is a major site of production for the company, accounting for nearly half of the 10.7 million cars its sold globally in 2019.

The automaker also said it would cancel all non-essential travel for employees in Japan, the latest move by a global company to curb operations as the speed of the virus outbreak appears to gather pace.

© Reuters. A man walks past a Toyota logo at the Tokyo Motor Show

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.