Toyota, Honda Briefly Stop Malaysian Production Due To Lockdown: Reuters

June 1, 2021 10:38 AM | 1 min read | Make a Comment

Japanese automakers Toyota Motor Corp TM and Honda Motor Co Ltd HMC have temporarily suspended production at their Malaysian factories due to the countrywide COVID-19 lockdown from June 1 to June 14, Reuters reports.
Toyota produced 51,000 vehicles in Malaysia in 2020.
Toyota’s compact car manufacturing subsidiary Daihatsu Motor made 220,000 vehicles in Malaysia in 2020.
Honda’s two Malaysian plants produced 100,000 cars and 300,000 motorcycles annually.
Price action: TM shares are higher by 3.85% at $172.37, and HMC shares are down by 0.40% at $31.13 on the last check Tuesday.