Connect with us

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

Toyota cuts July global production plan by 50,000 vehicles

2022 06 22T082602Z 1 LYNXMPEI5L0BL RTROPTP 4 TOYOTA BATTERIES REDWOOD - Global Banking | Finance

TOKYO (Reuters) -Toyota Motor Corp on Wednesday cut its July global production plan by 50,000 vehicles as semiconductor shortages and COVID-19 parts supply disruptions continued to curb output.

The world’s largest car maker by volume expects to make 800,000 vehicles next month, it said in a statement.

“As it remains difficult to look ahead due to the shortage of semiconductors and the spread of COVID-19, there is a possibility that the production plan may be lower,” the Japanese company said.

Toyota and other car makers continue to struggle with supply-chain disruptions and component shortages caused by the COVID-19 pandemic including those resulting from recent lockdowns in China.

Automakers are also having to compete for limited semiconductor supplies with other manufacturers such as consumer electronics device makers.

Toyota stuck with its annual global production target of 9.7 million vehicles, although the company signalled in May that supply chain disruptions could eventually force it lower that number.

The automaker on Wednesday also expanded production halts in Japan next month at plants that make vehicles, including its GR Yaris subcompact and bZ4X electric SUV.

(Reporting by Tim Kelly; Editing by Louise Heavens and Muralikumar Anantharaman)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post