The Traderszone Network

Published in TZ Latest News 31 January, 2016 by The TZ Newswire Staff

Toyota: Japan production to stop for week due to steel shortage

Toyota Motor Corp said on Monday it would halt production at all of its car assembly plants in Japan from Feb. 8 to Feb. 13 due to a steel shortage following an explosion at a steel plant operated by one of its affiliates. The world’s biggest automaker said on Saturday a blast at an Aichi Steel Corp plant on Jan. 8 had curbed production of steel parts, but gave no specifics on how car production would be affected. In a statement on Monday, Toyota said it plans to resume output on Feb.

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