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Stock impact report

Japan auto industry seeks to avoid suspending operations, but worker safety priority [Reuters]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Company Research Source: Reuters
Japan auto industry seeks to avoid suspending operations, but worker safety priority TOKYO (Reuters) - Japan’s car industry will try to avoid suspending operations during the coronavirus pandemic, but worker safety takes priority, said its automakers’ association, adding the industry was considering financial support for struggling firms. Japanese carmakers have suspended some production operations at home, while most of their plants abroad have been shut as demand for cars has slumped and lockdowns and “shelter at home” orders have kept plant employees away from work. “So long as there is demand, and it is safe for workers to work, we would like to see the country’s plants remain in operation,” Akio Toyoda, chairman of the Japan Automotive Manufacturers’ Association, told a media conference. He added that the Japanese auto industry should preserve as many jobs as possible to ensure that automakers and their suppliers would be prepared to resume full operation for an eventual recovery Show less Read more
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