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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16666387" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3738713-toyota-further-slashes-production-target-as-covid-19-hits-southeast-asia-supplies" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3738713-toyota-further-slashes-production-target-as-covid-19-hits-southeast-asia-supplies" target="_blank">Toyota further slashes production target as COVID-19 hits Southeast Asia supplies</a></p><ul> <li data-xf-list-type="ul">Toyota Motor (NYSE:<a href="https://seekingalpha.com/symbol/TM" target="_blank">TM</a>) <a href="https://seekingalpha.com/filing/5702900" target="_blank">decides</a> to reduce its planned global production further by ~70,000 units in September due to the global shortage of semiconductors and other parts</li> <li data-xf-list-type="ul">Of these, 30,000 will be at Japanese plants, with the rest in the United States, China, Europe and other Asian countries.</li> <li data-xf-list-type="ul">The production cut for October would see 330,000 units adjustments, which will slash 150,000 units volume in Japan and 180,000 units overseas.</li> <li data-xf-list-type="ul">"Key reasons for the production adjustment include a decline in operations at several local suppliers due to the prolonged spread of COVID-19 in Southeast Asia and the impact of tighter semiconductor supplies," the company statement.</li> <li data-xf-list-type="ul">The automaker cuts its full-year production target to 9 million vehicles for the year ending in March, <a href="https://seekingalpha.com/news/3732241-auto-stocks-slump-as-chip-shortage-headaches-continue" target="_blank">down from its 9.3 million forecast.</a></li> <li data-xf-list-type="ul">However, based on its current demand, the company says it assumes to maintain its production plan for November and beyond.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16666387, member: 137766"] [URL='https://seekingalpha.com/news/3738713-toyota-further-slashes-production-target-as-covid-19-hits-southeast-asia-supplies'] Toyota further slashes production target as COVID-19 hits Southeast Asia supplies[/URL] [LIST] [*]Toyota Motor (NYSE:[URL='https://seekingalpha.com/symbol/TM']TM[/URL]) [URL='https://seekingalpha.com/filing/5702900']decides[/URL] to reduce its planned global production further by ~70,000 units in September due to the global shortage of semiconductors and other parts [*]Of these, 30,000 will be at Japanese plants, with the rest in the United States, China, Europe and other Asian countries. [*]The production cut for October would see 330,000 units adjustments, which will slash 150,000 units volume in Japan and 180,000 units overseas. [*]"Key reasons for the production adjustment include a decline in operations at several local suppliers due to the prolonged spread of COVID-19 in Southeast Asia and the impact of tighter semiconductor supplies," the company statement. [*]The automaker cuts its full-year production target to 9 million vehicles for the year ending in March, [URL='https://seekingalpha.com/news/3732241-auto-stocks-slump-as-chip-shortage-headaches-continue']down from its 9.3 million forecast.[/URL] [*]However, based on its current demand, the company says it assumes to maintain its production plan for November and beyond. [/LIST] [/QUOTE]
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Frying Pan Into the Fire -- Chip Shortage
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