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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By maria gbaf

    Posted on September 9, 2021

    Featured image for article about Top Stories

    TOKYO (Reuters) -Disruptions to parts and components suppliers caused by the COVID-19 pandemic could force fresh production cuts at Japanese automakers in October, Akio Toyoda, the head of the auto industry lobby group, said on Thursday.

    Japanese car companies have already had to cut production this month because of difficulties finding semiconductors and other components as the pandemic disrupts manufacturing around the world and drives up demand for chips from consumer electronic device makers.

    “Depending on the manufacturer, we could see production cut to a lower level in October,” said Toyoda, who leads the Japan Automobile Manufacturers Association and is President of Toyota Motor Corp, the country’s biggest car maker.

    Toyota slashed global production in September by 40% from planned levels, joining other big global automaker that have already slowed output to cope with the shortage.

    The world’s biggest automaker by sales volume said it would try to make up for lost production in order to meet a 9.3 million vehicles target in the year ending in March 31.

    Other Japanese automakers that have struggled to overcome the shortage in components include, Nissan Motor Co, Honda Motor Co, Suzuki Motor Corp and Mazda Motor Corp.

    (Reporting by Tim Kelly; Editing by Richard Pullin)

    TOKYO (Reuters) -Disruptions to parts and components suppliers caused by the COVID-19 pandemic could force fresh production cuts at Japanese automakers in October, Akio Toyoda, the head of the auto industry lobby group, said on Thursday.

    Japanese car companies have already had to cut production this month because of difficulties finding semiconductors and other components as the pandemic disrupts manufacturing around the world and drives up demand for chips from consumer electronic device makers.

    “Depending on the manufacturer, we could see production cut to a lower level in October,” said Toyoda, who leads the Japan Automobile Manufacturers Association and is President of Toyota Motor Corp, the country’s biggest car maker.

    Toyota slashed global production in September by 40% from planned levels, joining other big global automaker that have already slowed output to cope with the shortage.

    The world’s biggest automaker by sales volume said it would try to make up for lost production in order to meet a 9.3 million vehicles target in the year ending in March 31.

    Other Japanese automakers that have struggled to overcome the shortage in components include, Nissan Motor Co, Honda Motor Co, Suzuki Motor Corp and Mazda Motor Corp.

    (Reporting by Tim Kelly; Editing by Richard Pullin)

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