- Toyota Motor Corp (NYSE:TM) has decided to cut domestic production by 4,000 vehicles in July.
- The company took the decision due to the difficulty of procuring parts from a supplier caused by heavy rain damage, mainly in Aichi Prefecture.
- Related: Toyota Cuts July Production Citing Parts Shortage
- The company also warned that the production plan might be lower as the scenario remained difficult due to semiconductor shortages and the spread of COVID-19.
- The auto major had recently halted orders for its SUV, Harrier, citing production hurdles.
- Price Action: TM shares are trading higher by 0.50% at $158.85 on the last check Wednesday.
- Photo Via Wikimedia Commons
Elon Musk’s Tesla And SpaceX Emails Can’t Be Accessed Without His Consent, Judge Rules In Twitter-Deal Case
Judge Kathaleen McCormick of the Delaware Chancery Court on Tuesday denied Twitter Inc.’s (NYSE: TWTR) request to turn in Elon Musk’s personal emails as evidence in their ongoing litigation that would come up for hearing on Oct. 17.
