Friday, 3 May 2024

Toyota halts production at all assembly plants in Japan due to ‎a system failure

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Toyota Motor Corporation announced that it will suspend operations in all of its assembly plants in Japan, starting today, Tuesday, due to a malfunction in the production system, while local production of the largest car company in the world will likely be stopped, while its shares fell 0.3% to 2429 yen in trading. early on the Tokyo Stock Exchange

According to Reuters, a spokesman for the world’s largest automaker in terms of sales said it was unable to order components due to a defect in the production system, adding that it was “not likely caused by a cyberattack” and that the company was investigating the cause.

Toyota suspended operations at 12 of its plants as of this morning, with two remaining operational. The spokesman said that work will stop in all 14 factories in the second shift, adding that it is not yet clear how much production is lost.

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Reuters calculations indicate that the 14 plants together account for about a third of the company’s global production. Toyota is the largest car company in the world in terms of sales

The suspension comes amid a recovery in Toyota’s production in Japan following a series of reduced production plans that the company attributed to a shortage of semiconductors. Toyota’s production in Japan rose 29 percent in the first half of the year, the first increase of its kind in two years.

The average daily production in Japan for the company’s brands, excluding Daihatsu and Hino, was about 13,500 vehicles in the first half, based on Reuters calculations for working days excluding holidays.

Operations at Toyota ceased last year when one of its suppliers was hit by a cyber attack. This one-day outage caused a production loss of about 13,000 cars

This production disruption is the latest blow to Japanese companies. Some Japanese companies and government headquarters have reported a torrent of disturbing phone calls in the past few days, which the government said most likely originated in China, after treated radioactive water was discharged from the Fukushima nuclear power plant into the Pacific Ocean.

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