Automotive
Toyota to Restart Three China Plants This Week Amid Virus Fight
(Bloomberg) –Toyota Motor Corp. will partly resume operations at three plants in China this week, bringing back some of the capacity that had been on an extended halt in response to the coronavirus outbreak that’s killed more than 1,600 people and pitched Asia’s top economy into turmoil.
The factories in Changchun and Guangzhou will restart on Feb. 17, while operations in Tianjin resume the next day, Kensuke Ko, a spokesman for the Japanese automaker, said in an email. The plant in Chengdu will restart after next week, he said.
The spread of the virus has weighed on the global economy, with some major carmakers extending plant shutdowns amid shortages of parts and as efforts to combat the outbreak impeded the flow of workers. An initial plan by Toyota to reopen factories on Feb. 9. was delayed. Fellow Japanese carmarker Honda Motor Co. has said it plans to restart its China manufacturing operations in the week from Feb. 17.
It’s hard to pin down a reason for the delay in the resumption of operations at the Chengdu plant, according to Ko. The supply chain for parts and government policies are some of the factors, he said.
-
OER Magazines2 months ago
OER, September 2024
-
Uncategorized1 month ago
Oman Oil Marketing Company partners with Ihsaan Association to support its activities
-
Commodities2 months ago
Gold Rangebound as Investors Brace for Key US Economic Data
-
OER Magazines4 weeks ago
Signature, October 24
-
Alamaliktistaad Magazines4 weeks ago
Al-iktisaad, October 24
-
Banking & Finance2 months ago
Apple Pay Officially Launched in Oman
-
Oil & Gas1 month ago
OQEP Appoints United Securities as Liquidity Provider Ahead of Landmark MSX Listing
-
Lifestyle2 months ago
Royal Opera House Muscat Welcomes First Shows of its 2024/25 Season