TOKYO—Toyota Motor Corp said on Friday it had found that about 296,000 pieces of customer information from its T-Connect service might have been leaked. Toyota said 296,019 email addresses and customer numbers of those using T-Connect, a telematics service that connects vehicles via a network, were potentially leaked. The affected customers are individuals who signed…
Toyota to Close Its Factory in Russia
MOSCOW—Japan’s Toyota Motor Corp. said on Friday that it had decided to end vehicle production in Russia due to the interruption in supplies of key materials and parts. Toyota had suspended production in St Petersburg in March due to supply chain problems, and stopped importing to Russia. “During this period we have fully retained our…
Toyota Deepens Production Cut for July to 5,200 Vehicles on Heavy Rains
TOKYO—Heavy rains in western Japan will cost Toyota Motor Corp., an additional 1,000 or so vehicles in lost production in July, the automaker said on Friday, bringing its total estimated cut in output for the month to 5,200. It marks the second time this week that Toyota has revised its expected cut in domestic production,…
Toyota Misses April Global Production Target Due to COVID, Parts Shortage
TOKYO—Japan’s Toyota Motor Corp on Monday said it missed its global production target for April as COVID-19 outbreaks and a parts shortage slowed its post-pandemic recovery. The world’s largest automaker by sales produced 692,259 vehicles last month, a 9.1 percent drop from the same month last year, and falling short of an earlier plan of…
Toyota Cuts June Output Plan Again as China Lockdowns Bite
May 28, 2022
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Business & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompaniessemiconductorToyota Motor Corp
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TOKYO—Toyota Motor Corp. on Friday cut its global production plan for June for the second time this week and signaled its full-year output estimate could be lowered, highlighting the pain from the supply chain crunch and China lockdown. Global automakers’ production has been hit by the microchip shortage and also by China’s COVID-19 lockdowns. The…
Toyota to Cut Global Production Plan by 100,000 in June
TOKYO—Toyota Motor Corp will cut its global production plan by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage, it said on Tuesday. The company did not change its estimate of producing about 9.7 million vehicles worldwide by March 2023. The automaker also announced additional domestic factory line suspension due to…
Toyota Cuts ’22 US New-Car Sales Industry Outlook on Supply-Chain Issues
April 8, 2022
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Business & EconomyBusinesses in COVID-19Companieseconomic policieseconomyEuropeMarketsRussia-Ukraine WarToyota Motor CorpUkraineWorld
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DETROIT—Toyota Motor Corp on Wednesday cut its 2022 outlook for the U.S. auto industry’s new-car sales, citing the struggles in the supply-chain caused by the pandemic and the conflict in Ukraine. The Japanese automaker’s new outlook of 15.5 million vehicles was down from its prior forecast of 16.5 million, Bob Carter, executive vice president of…
Speedy Bankruptcy Offered By Russia As One of Three Choices For Foreign Firms
March 4, 2022
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British PetroleumBusiness & EconomyEuropeMarketsNew Sanctions on RussiaRussia Ukraine invasionRussia-Ukraine WarToyota Motor CorpWorld
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Russia is offering foreign companies, seeking to exit the country, fast-tracked bankruptcy options as businesses face increasing challenges from western sanctions imposed as a result of Moscow’s initiation of war against Ukraine. The fast bankruptcy plan “will support the employment and social well-being of citizens so that bona fide entrepreneurs can ensure the effective functioning…
Toyota to Curb More Production in Japan as COVID Spreads
TOKYO—Toyota Motor Corp is slowing production at as many as 11 plants in Japan because of rising COVID-19 infections among its workers and those at parts suppliers, it said on Thursday. That disruption, which comes amid a shortage of semiconductors that is already forcing it to curb output, could cut production plans this month by…
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