Toyota Sees Further Recovery In Global Car Production In August
Toyota said it aimed to make 15,000 fewer vehicles than its initial plan, which was around 750,000. August’s reduction is smaller than the cut of 10% seen in July, and June’s 40% reduction.
| Updated: 21-Jul-20 06:23 PM
Toyota said it would produce 6,000 fewer vehicles at home, and 9,000 less overseas View Photos
Toyota said it would produce 6,000 fewer vehicles at home, and 9,000 less overseas
Toyota Motor Corp will make 2% fewer vehicles globally in August than originally planned, the Japanese automaker said on Tuesday, as output recovers gradually from a steep drop because of the coronavirus pandemic.
The company said it aimed to make 15,000 fewer vehicles than its initial plan, which was around 750,000, according to Reuters’ calculations. August’s reduction is smaller than the cut of 10% seen in July, and June’s 40% reduction.
Land Cruiser Prado
As Japan fears a second wave of infections spreading from the capital, one Toyota employee working at its headquarters has tested positive for coronavirus since developing symptoms earlier this month, the company said on Tuesday. Toyota added it disinfected the affected work sites on July 17 and restarted operation shortly afterwards.
Toyota expects lowest annual profit in nine years
Toyota Motor, Japan’s biggest automaker, said on Tuesday it expects its lowest annual operating profit in nine years, down over 4 billion US dollars, or 80%, from the previous year.
In the midst of the pandemic, the company also plans to skip media briefings for its fiscal first and third quarterly results, but only release filings, a company spokeswoman told Reuters.
Global automakers are slowly getting vehicle production back on track after the closure this year of many plants to curb the spread of the virus, although many still anticipate that output and sales will be lower than last year.
The updated production plan represents an output cut of 9% from a year ago.
Toyota said it would produce 6,000 fewer vehicles at home, and 9,000 less overseas.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
For the latest auto news and reviews, follow carandbike on Twitter, Facebook, and subscribe to our YouTube channel.
Compare Toyota Glanza with Immediate Rivals
Hyundai Elite i20
Maruti Suzuki Baleno
Fiat Punto Evo
Maruti Suzuki Baleno RS
Hyundai Kona EV Launch, Kia SP2i Cabin, Harley 250-500cc Bikes
The top automotive news of the day – Hyundai is all set to launch the Kona EV in India and here’s the launch date. Kia has revealed the cabin of the SP2i and Harley-Davidson is all set to launch 250-500cc bikes in India.
Looking for an Employee Monitoring System? Check Prohance Now!
1 करोड़ का टर्म जीवन बीमा मात्र ₹490/माह. टालो नहीं, ले डालो टर्म जीवन बीमा योजना | Sponsored 1 Cr Term Plan + Monthly Income @ 490/month. Get a Quote!
Term Life Insurance – Get Quote
Elite Matrimony – Exclusive Matchmaking Service for the Elite
Your Income is above 10 Lac. Get 1 Cr Term Insurance @ Rs 490/month*
Term Plans -Compare & Buy Now!
Are You Above 35 Yrs? Get 1 Cr Term Insurance @1298/month*
Term Plans -Compare & Buy Now!