Toyota

Toyota suspends production at Derbyshire factory

Samantha Noble

BBC News Online

Toyota is suspending production at its European factories, including Burnaston in Derbyshire, because of the coronavirus pandemic.

The car manufacturer said production will be suspended in Derbyshire from today.

It said "lock down" measures across Europe has created "uncertain short-term sales outlook and difficulties in logistics and supply chains".

Toyota Burnaston
BBC

However, Toyota added "processes that are important for society, such as the continued provision of service parts for customer vehicles – which can be public safety vehicles – will continue".

While projects "deemed essential to a smooth re-start and to the future activity of the plants, such as new vehicle projects, will be maintained with necessary staff".

Toyota said sales operations will be assessed based on each country or region’s situation.

Japan shares slump as Asia reacts to global sell-off

Pedestrians walk in front of an electric quotation board displaying the numbers on the Nikkei 225 index in Tokyo.
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Shares in Japan fell sharply early Tuesday morning as investors worried about the spread of the coronavirus.

The slump followed a global stock market plunge on Monday with Wall Street and London suffering big drops.

Japan's Nikkei 225 index dropped 4.5% when it re-opened following a public holiday on Monday, but has since regained some ground.

Shares in Toyota Motor Corp were down 2.85%, while Uniqlo's parent company Fast Retailing dropped 4%.

BreakingToyota to halt China production

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Toyota has just announced that it is halting all China production until 9 February following the outbreak of the coronavirus.

The car-maker has plants in regions such as the northern city of Tianjin and the southern province of Guangdong.

It said the closures after the Lunar New Year holidays were in line with transport lockdowns in some places.

A Toyota spokesperson told Bloomberg: “Given the various factors including the guidelines by the local and region governments and parts supply situation, as of 29 January we have decided to halt operations in our plants in China until 9 February.

"We will monitor the situation and make further decisions on operations from 10 February."