Toyota Announces Additional Suspension Of Production In July; FY Production Forecast Unchanged

Toyota Motor Corp. (TYT.L,TM) announced its global production volume for July is expected to be approximately 800,000 units. The company has revised the global production plan by about 50,000 units from the number provided to suppliers at the beginning of the year. Due to the continued impact of a COVID-19 outbreak at one of the company's suppliers, Toyota Motor has decided to extend the period of operations suspension at some of its plants and production lines.

The company estimates global production volume for July through September to average about 850,000 units per month.

Toyota Motor Corp. said its production forecast for the fiscal year remains unchanged at approximately 9.7 million. The company noted that there is a possibility that the production plan may be lower.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
King's Hawaiian is recalling its Pretzel Slider Buns, Pretzel Hamburger Buns and Pretzel Bites products as they contain one ingredient already recalled by Lyons Magnus, the U.S. Food And Drug Administration said. The Pretzel recall was initiated out of an abundance of caution after one of its supplier Lyons Magnus recently called back various nutritional and beverage products. German consumer goods maker Henkel AG & Co. reported Monday weak profit in its first half amid increasing costs, despite growth in sales. Further, the company maintained its adjusted earnings forecast for fiscal 2022, but raised outlook for organic sales growth.For fiscal 2022, the company continues to expect adjusted earnings per preferred share to decline in the range of 15 percent to 35 percent Woodbridge, Illinois-based Home Run Inn Frozen Foods is recalling around 13,099 pounds of frozen meat pizza products, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The agency warned that the products may be contaminated with extraneous materials, specifically metal.
Follow RTT