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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: 16686814" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3760869-toyota-vehicle-production-down-38-in-september-due-to-semiconductor-shortage?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Toyota vehicle production down 38% in September due to semiconductor shortage</a></h3><p><a href="https://seekingalpha.com/symbol/TM" target="_blank">TM -0.14%</a>Oct. 29, 2021 9:28 AM ET<a href="https://seekingalpha.com/news/3760869-toyota-vehicle-production-down-38-in-september-due-to-semiconductor-shortage?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments" target="_blank">1 Comment</a></p><ul> <li data-xf-list-type="ul">Toyota Motor Corporation (NYSE:<a href="https://seekingalpha.com/symbol/TM" target="_blank">TM</a>) vehicle sales <a href="https://search.newsroom.toyota.co.jp/en/all/search.x?tag=News+Release&pagemax=20" target="_blank">were</a> 16.9% below their 2020 levels in September, while worldwide production fell 38.0% Y/Y due to the parts shortages caused by factory closures in Southeast Asia.</li> <li data-xf-list-type="ul">The decline was driven by fewer sales in Japan, which were down 37.1% and caused Toyota to lose 3.3% market share in the country. Sales outside of Japan fell 10.7% in September.</li> <li data-xf-list-type="ul">When including all of Japan's first half (April to September) of FY2022, however, sales grew 20.6% and production grew 18.7% against a comparable period that was heavily impacted by the COVID-19 pandemic. Market share in Japan was up 1.7% during the entire period.</li> <li data-xf-list-type="ul">"The situation remains unclear with respect to both COVID-19 trends and parts supplies, but we will continue to make every effort to minimize the impact," wrote the auto manufacturer in a press release.</li> <li data-xf-list-type="ul">The falling sales are a trend seen across most of the major automakers, <a href="https://seekingalpha.com/news/3751574-tesla-impresses-in-china-even-as-overall-car-sales-slump" target="_blank">with Tesla being a notable exception.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16686814, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3760869-toyota-vehicle-production-down-38-in-september-due-to-semiconductor-shortage?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Toyota vehicle production down 38% in September due to semiconductor shortage[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/TM']TM -0.14%[/URL]Oct. 29, 2021 9:28 AM ET[URL='https://seekingalpha.com/news/3760869-toyota-vehicle-production-down-38-in-september-due-to-semiconductor-shortage?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments']1 Comment[/URL] [LIST] [*]Toyota Motor Corporation (NYSE:[URL='https://seekingalpha.com/symbol/TM']TM[/URL]) vehicle sales [URL='https://search.newsroom.toyota.co.jp/en/all/search.x?tag=News+Release&pagemax=20']were[/URL] 16.9% below their 2020 levels in September, while worldwide production fell 38.0% Y/Y due to the parts shortages caused by factory closures in Southeast Asia. [*]The decline was driven by fewer sales in Japan, which were down 37.1% and caused Toyota to lose 3.3% market share in the country. Sales outside of Japan fell 10.7% in September. [*]When including all of Japan's first half (April to September) of FY2022, however, sales grew 20.6% and production grew 18.7% against a comparable period that was heavily impacted by the COVID-19 pandemic. Market share in Japan was up 1.7% during the entire period. [*]"The situation remains unclear with respect to both COVID-19 trends and parts supplies, but we will continue to make every effort to minimize the impact," wrote the auto manufacturer in a press release. [*]The falling sales are a trend seen across most of the major automakers, [URL='https://seekingalpha.com/news/3751574-tesla-impresses-in-china-even-as-overall-car-sales-slump']with Tesla being a notable exception.[/URL] [/LIST] [/QUOTE]
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