Toyota halts some production at two Japan plants after supplier accident
Toyota will decide later on Tuesday whether production at its affected plants would be resumed on Wednesday, its spokesperson said.
Toyota Motor, Japan's biggest automaker, has suspended operations at three lines in two domestic assembly plants due to an accident at a supplier's facility, a company spokesperson said. The incident at supplier Chuo Spring, which makes engine and valve springs used in vehicles, also halted some production at group companies Toyota Auto Body and Toyota Industries, the spokesperson said.
A spokesperson for Chuo Spring said an accident involving an explosion in a building at its Fujioka plant around 12:15 p.m. on Monday resulted in damage to the facility, adding that the police and the fire department were investigating.
Production in five lines at three Toyota Auto Body plants - all of the unit's lines - was stopped due to the accident, affecting production of minivans such as the Alphard as well as some Land Cruiser models, including for overseas markets.
Toyota will decide later on Tuesday whether production at its affected plants would be resumed on Wednesday, its spokesperson said.
Operations at all 14 of the automaker's domestic assembly plants ground to a halt in August due to a system malfunction. Shares of Toyota were up 0.6 per cent at 2,676 yen in mid-morning Tokyo trade.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 Flexi Cap Mutual Funds With up to 52% SIP Return in 1 Year: Rs 20,000 monthly SIP investment in No. 1 fund has generated Rs 3.02 lakh; know about others too
Sukanya Samriddhi Yojana vs PPF: Rs 1 lakh/year investment for 15 years; which can create larger corpus on maturity?
Rs 55 lakh Home Loan vs Rs 55 lakh SIP investment: Which can be faster route to arrange money for Rs 61 lakh home? Know here
08:04 AM IST