financetom
Business
financetom
/
Business
/
Toyota Motor Halts Production in Mexico Plant Hit by Labor Shortage, Reuters Reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Toyota Motor Halts Production in Mexico Plant Hit by Labor Shortage, Reuters Reports
May 17, 2024 2:34 AM

05:08 AM EDT, 05/17/2024 (MT Newswires) -- Toyota Motor ( TM ) was forced to repeatedly halt production at a Mexico facility where it manufactures the Tacoma pickup truck in February and March due to local labor shortages and technical issues, Reuters reported Friday, citing unnamed people with knowledge of the automaker's operations.

Internal documents from Toyota ( TM ) and suppliers, which Reuters reviewed, corroborated these stoppages for a total of 19 days.

In a letter to its North American supplier network in late April that was reviewed by Reuters, the automaker acknowledged the "frequent production halts" that were causing "inconvenience and concern." In response, Toyota ( TM ) requested details on the challenges and support its North American suppliers required, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 216.70, Change: +1.07, Percent Change: +0.50

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: TC Energy Keystone Pipeline Offline Amid Operational Problems
Market Chatter: TC Energy Keystone Pipeline Offline Amid Operational Problems
Mar 7, 2024
05:28 PM EST, 03/07/2024 (MT Newswires) -- TC Energy's ( TRP ) Keystone oil pipeline has gone offline because of operational issues, Reuters reported Thursday, citing four industry sources. The 622,000 barrel-a-day pipeline transports oil to Nebraska from Alberta, Canada, according to the report. The company informed shippers about the outage, though it didn't specify the issue or the possible...
Ero Copper Slips 0.9% After Hours as its Q4 Adjusted Profit Misses Expectations
Ero Copper Slips 0.9% After Hours as its Q4 Adjusted Profit Misses Expectations
Mar 7, 2024
05:28 PM EST, 03/07/2024 (MT Newswires) -- Ero Copper ( ERO ) shares slipped 0.9% in after-hours New York trading after the company on Thursday said its fourth-quarter adjusted profit fell 6.8%, missing expectations, on lower production as its Tucuma copper project nears completion.. The Brazilian miner said its adjusted profit, which excludes one-time items, fell to US$20,7 million, or...
Arch Capital Group Insider Sold Shares Worth $2,247,030, According to a Recent SEC Filing
Arch Capital Group Insider Sold Shares Worth $2,247,030, According to a Recent SEC Filing
Mar 7, 2024
05:27 PM EST, 03/07/2024 (MT Newswires) -- Francois Morin, Executive Vice President and CFO, on March 05, 2024, sold 25,689 shares in Arch Capital Group ( ACGL ) for $2,247,030. Following the Form 4 filing with the SEC, Morin has control over a total of 221,779 shares of the company, with 221,779 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/947484/000141588924007199/xslF345X03/form4-03072024_100333.xml Price: 87.8,...
Lemaitre Vascular Insider Sold Shares Worth $344,925, According to a Recent SEC Filing
Lemaitre Vascular Insider Sold Shares Worth $344,925, According to a Recent SEC Filing
Mar 7, 2024
05:27 PM EST, 03/07/2024 (MT Newswires) -- Lawrence J Jasinski, Director, on March 05, 2024, sold 5,110 shares in Lemaitre Vascular ( LMAT ) for $344,925. Following the Form 4 filing with the SEC, Jasinski has control over a total of 5,309 shares of the company, with 5,309 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1158895/000143774924007006/xslF345X03/rdgdoc.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved