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Toyota cuts June output plan again as China lockdowns bite

TOKYO (Reuters) -Toyota Motor Corp on Friday cut its global production plan for June for the second time this week and signalled its full-year output estimate could be lowered,...
Toyota cuts June output plan again as China lockdowns bite © Reuters. FILE PHOTO: The Toyota logo is seen at a booth during a media day for the Auto Shanghai show in Shanghai, China, April 19, 2021. REUTERS/Aly Song/File Photo

TOKYO (Reuters) -Toyota Motor Corp on Friday cut its global production plan for June for the second time this week and signalled its full-year output estimate could be lowered, highlighting the pain from the supply chain crunch and China lockdown.

Global automakers' production has been hit by the microchip shortage and also by China's COVID-19 lockdowns. The reduction by Toyota - broadly seen as a bellwether for Japan Inc - comes a day after data showed car sales in China, Europe and the United States remain weak.

Japan's largest automaker said it now expected to produce around 50,000 fewer vehicles in June, for a total of around 800,000, due to the lockdown in Shanghai. It had already cut its plan for the same month by 100,000 vehicles on Tuesday, citing the chip shortage.

Toyota said there was "a possibility" that it could lower its full-year production plan of 9.7 million vehicles.

"It is very difficult to estimate the current supply situation of parts due to the ongoing lockdown in Shanghai," it said.

That lack of certainty on parts has been a constant refrain for automakers, in both Japan and elsewhere. Given that China is both the world's largest auto market and a global manufacturing giant, the lockdowns there have implications for both supply and demand, analysts have said.

This month Subaru (OTC:FUJHY) Corp warned that its U.S. dealers have a record low stockpile of around 5,000 vehicles left, while Honda Motor Corp said it would slash production by 20% at two domestic factories.

Toyota said that its Corolla, RAV4, Prius and 4Runner models would be among those impacted by the production suspension.

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31-03-2024 10:19:50 (UTC+7)

EUR/USD

1.0793

+0.0006 (+0.06%)

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EUR/USD

1.0793

+0.0006 (+0.06%)

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GBP/USD

1.2624

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USD/JPY

151.38

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AUD/USD

0.6522

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USD/CAD

1.3543

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EUR/JPY

163.37

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0.9738

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25.100

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2,120.15

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    EUR/USD 1.0793 Sell  
    GBP/USD 1.2624 Sell  
    USD/JPY 151.38 ↑ Buy  
    AUD/USD 0.6522 Sell  
    USD/CAD 1.3543 Buy  
    EUR/JPY 163.37 ↑ Sell  
    EUR/CHF 0.9738 ↑ Buy  
    Gold 2,254.80 Buy  
    Silver 25.100 ↑ Buy  
    Copper 4.0115 ↑ Buy  
    Crude Oil WTI 83.11 ↑ Buy  
    Brent Oil 86.99 Neutral  
    Natural Gas 1.752 ↑ Sell  
    US Coffee C 188.53 ↑ Sell  
    Euro Stoxx 50 5,082.85 ↑ Sell  
    S&P 500 5,254.35 ↑ Sell  
    DAX 18,504.51 ↑ Buy  
    FTSE 100 7,952.62 ↑ Sell  
    Hang Seng 16,541.42 Neutral  
    Small Cap 2000 2,120.15 Neutral  
    IBEX 35 11,074.60 ↑ Sell  
    BASF 52.930 ↑ Buy  
    Bayer 28.43 Buy  
    Allianz 277.80 ↑ Buy  
    Adidas 207.00 ↑ Buy  
    Lufthansa 7.281 ↑ Sell  
    Siemens AG 176.96 ↑ Buy  
    Deutsche Bank AG 14.582 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,910/ 8,080
(7,910/ 8,080) # 1,364
SJC HCM7,830/ 8,080
(0/ 0) # 1,364
SJC Hanoi7,830/ 8,082
(0/ 0) # 1,366
SJC Danang7,830/ 8,082
(0/ 0) # 1,366
SJC Nhatrang7,830/ 8,082
(0/ 0) # 1,366
SJC Cantho7,830/ 8,082
(0/ 0) # 1,366
Cập nhật 31-03-2024 10:19:52
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Sản phẩm Vùng 1 Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
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Ngoại tệMua vàoBán ra
USD24.600,0024.970,00
EUR26.020,0327.447,78
GBP30.490,4131.787,64
JPY158,93168,22
KRW15,9119,28
Cập nhật lúc 10:12:31 31/03/2024
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