Topic “Toyota” — Exporter Magazine

Toyota closed 12 plants, a spokeswoman said. Its profit will be cut by ¥6 billion ($AUD73 million or NZD$99.6 million) for each day of lost operations. Nissan and Honda could each lose ¥2 billion a day after closing plants, Goldman Sachs estimates. Sony and Toshiba have also shut plants. Toyota Motor Thailand (TMT) is ready to produce and sell a low-cost car locally to tap more middle-class and first-time buyers but the model is still being decided, according to the Bangkok Post. The six planned models will expand Toyota’s hybrid engine range of vehicles that run on petrol and electricity at a time when rivals such as Nissan are developing all-electric vehicles.