China Closes Two Manufacturing Hubs as Covid-19 Cases Jump

01:30pm, Tuesday, 15'th Mar 2022 Investopedia
China closed manufacturing hubs Shenzen and Changchun as Covid-19 cases jump, halting local output from companies including Toyota and Foxconn
Toyota Motor Corp (NYSE: TM ) looked at additional production cuts in March as the semiconductor chip crisis continues to pinch, Reuters reports . The production suspension will affect the production of ~14,000 Noah and Voxy minivans. Recently, the Japanese automaker reduced its domestic production target … Full story available on Benzinga.com

Chip shortage forces more production cuts at Toyota

11:40am, Tuesday, 15'th Mar 2022 The Globe and Mail
Toyota suspends more production lines due to the shortage of semiconductor chips. About 14,000 Noah and Voxy minivans are affected
China closed manufacturing hubs Shenzen and Changchun as Covid-19 cases jump, halting local output from companies including Toyota and Foxconn

Toyota launches new Glanza at ₹6.39 lakh, entry price slashed by ₹1.3 lakh

07:24am, Tuesday, 15'th Mar 2022 The Hindu BusinessLine
The entry price of the outgoing Toyota Glanza was Rs 7.7 lakh

With Toyota as partner, Mazda hopes to jump-start U.S. market

06:56am, Tuesday, 15'th Mar 2022 Investing.com
https://www.investing.com/news/stock-market-news/with-toyota-as-partner-mazda-hopes-to-jumpstart-us-market-2784623
A total of 75 component makers have been approved by the government for incentives under the auto component Production Linked Incentives (PLI) scheme, sources told CNBC-TV18. The companies approved for the PLI scheme include Maruti Suzuki, Hero MotoCorp, Hero Cycles, Motherson Sumi, Bosch, and Toyota.
Apples major gadget assembler and supplier, Foxconn, has suspended its operations in Shenzhen, China, as the cases of COVID-19 in the area have dramatically soared. The entire city is also in lockdown thus, work in the…
Toyota, Volkswagen and Apple supplier Foxconn are among those halting operations.
(Reuters) -Toyota Motor Corp said on Tuesday it would make additional production cuts in March due to a shortage of semiconductor chips, days after the Japanese automaker reduced its domestic producti

PLI scheme: Toyota, Tata, Maruti get approvals

04:04am, Tuesday, 15'th Mar 2022 Economic Times India
The scheme has been successful in attracting proposed investment of Rs 74,850 crore against the target estimate of investment Rs 42,500 crore over a period of five years, a senior official from the Ministry of Heavy Industries told ET.
A decade after Mazda Motor's cars disappeared from Ford Motor's factory floors in Michigan, the Japanese automaker is once again building in the United States - this time with compatriot Toyota Motor.
New coronavirus lockdowns in China are snarling production for everything from Apple iPhones to Toyota SUVs — and threatening to make already red-hot global inflation even worse.
This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. (Monday Market Open) Geopolitical risks are bearing down on the markets as a new week of trading is about to kick off. Equity index futures were much higher overnight but have significantly trimmed those gains. In fact, the Nasdaq futures were up about 100 points but turned negative before the open. Investors had reasons for positivity with news that virtual peace talks between Russia and Ukraine have seen progress. Russia may be seeing pressure from various places. Over the weekend, there were reports of Russia getting low on munitions and seeking help from China; however, China has denied the report. Additionally, Russia may be at risk of defaulting on debt payments as the ruble has weakened significantly and much of Russia’s assets are tied up in sanctions. Numerous commodities are pulling back on the news around the Russia-Ukraine conflict. Crude oil was down about 4% before the opening bell.
Toyota (TM) and Volkswagen (VWAGY) (VLKAF) have suspended some of their China operations amid government efforts to combat the largest COVID-19 outbreak in the country in two…
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