The Traderszone Network

Published in TZ Latest News 30 January, 2016 by The TZ Newswire Staff

Toyota may halt Japan car output in February due to steel shortage

Toyota Motor Corp said on Saturday it may halt production at its domestic plants early next month due to a steel shortage, following an explosion at a steel plant operated by one of its affiliates. The blast an Aichi Steel plant has curbed production of steel parts, which may impact output at the world’s best-selling automaker which produces around 40 percent of its global output in Japan. “At the moment, there is enough supply inventory to keep our domestic plants running until Feb. 6,” a Toyota spokesman said, adding that overtime and weekend shifts for next week had been canceled.