Toyota says it halts some Tianjin operations after report of partial suspension By Reuters

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<span>© Reuters. FILE PHOTO: A sign is seen outside a Tianjin Faw Toyota Motor Co. Ltd showroom, a joint venture between China’s Tianjin FAW Xiali Automobile Co Ltd and Japan’s automaker Toyota Motor Corp, in central Beijing October 9, 2012. REUTERS/David Gray/File Photo</span><br />
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<p>SHENZHEN, China (Reuters) – <span itemscope="" itemtype="http://schema.org/Corporation"><span itemprop="name"> Toyota </span></span> Motor (NYSE:) has halted production on some ageing lines at joint venture in China while operations continue as normal, the Japanese automaker said on Saturday after a media report that it was partially suspending production due to weak sales. </p>
<p>The production halt at the Tianjin venture with China’s FAW was a planned move, and Toyota is adjusting production on a daily basis based on changes in vehicle composition, a spokesperson said by email.</p>
<p>The email did not specifically address the Friday report by Japan’s Jiji news service that the world’s largest automaker by sales was suspending some production as part of a major production adjustment in response to weak sales of gasoline-engine cars.</p>
<p>The spokesperson did not immediately respond to follow-up requests for comment. A FAW representative did not respond to a request for comment on the Jiji report.</p>
<p>Reuters reported last month that Toyota had told dealers it would extend a plan to reduce output at the FAW venture.</p>
<p>Slowing sales pose a growing challenge to Toyota in China which accounted for nearly a fifth of Toyota’s worldwide sales of about 8.5 million vehicles over the first 10 months of the year, including sales of its luxury Lexus brand. </p>
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<br /><a href="https://www.investing.com/news/stock-market-news/toyota-says-it-halts-some-tianjin-operations-after-report-of-partial-suspension-3248100">Source link </a></p><p>The post <a href="https://forextraderhub.com/toyota-says-it-halts-some-tianjin-operations-after-report-of-partial-suspension-by-reuters.html">Toyota says it halts some Tianjin operations after report of partial suspension By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>

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