- 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
Sandbox Publisher Animoca Brands Reaches $5.9B Valuation: What You Need To Know
Hong Kong-based crypto investor and blockchain game-maker Animoca Brands has received $75 million in a fundraising round, valuing it at $5.9 billion.
What Happened: Animoca Brands’ latest funding round secured a valuation of $5.9 billion. Numerous investors, ranging from 10T Holdings to Kingsway Capital, took part in the fundraising round.
