Toyota Industries Corporation Stock News

Tesla Halts Gigafactory Shanghai For Two Days Amid COVID Surge Tesla, Inc. shuttered its massive Gigafactory Shanghai for two days as Chinese officials scrambled to contain one of the country''s worst outbreaks of COVID-19 since the early days of the virus pandemic, Reuters reported Wednesday, citing a notice sent internally and to suppliers. Gigafactory Shanghai, also known as Gigafactory 3, halted all production lines, making Model 3 sedans and Model Y crossovers. There was no reason given for the stoppage at the plant. According to China Passenger Car Association data, the factory delivered 56,515 vehicles in February and produced 2,000 cars a day. The notice didn''t specify whether Tesla will increase future capacity to make up for the lost output when operations restart. China''s zero-tolerance approach has shuttered factories and placed some 51 million people into some form of lockdown in other cities. Shanghai has yet to declare a citywide lockdown but has closed some neighborhoods, shopping districts, and industrial parks and encouraged workers to remote work from home.

Toyota Motor Corp (NYSE: TM ) Toyota Motor North America will make a $27 million investment in its manufacturing plant in Long Beach, California, Toyota … Full story available on Benzinga.com

Toyota Motor North America (TMNA) pledges a $27M investment in TABC to support an increase in its production capabilities. "Toyota''s roots in California run deep,"…

The maker of successful models like the Innova Crysta and the Fortuner does not have any product of its own in the sub-₹10 lakh category

Oil prices fell further to hit two-week lows on Tuesday amid concerns over demand from key consumer China. Surging Covid-19 cases in China fueled concerns about slower demand while ceasefire talks between Russia and Ukraine eased fears of further supply disruptions. Brent crude futures for May delivery plunged 5.8 percent to $100.68 per barrel, while U.S. West Texas Intermediate (WTI) crude futures for April settlement were down 5.9 percent at $97 a barrel. Companies from Apple supplier Foxconn to automakers Toyota and Volkswagen suspended some operations as multiple Chinese cities and provinces tightened restrictions in line with Beijing''s zero-tolerance goal of suppressing contagion as quickly as possible. Nearly 30 million people have been put under lockdown across China today, as surging virus cases prompted the return of mass tests and hazmat-suited health officials to city streets on a scale not seen since the start of the pandemic. Meanwhile, expectations of positive developments in the Russia-Ukraine ceasefire talks eased fears of further supply disruptions.

China closed manufacturing hubs Shenzen and Changchun as Covid-19 cases jump, halting local output from companies including Toyota and Foxconn

Toyota suspends more production lines due to the shortage of semiconductor chips. About 14,000 Noah and Voxy minivans are affected

The entry price of the outgoing Toyota Glanza was Rs 7.7 lakh

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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.

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.

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.