Market Chatter: Toyota to Trim Output for Middle East by 24,000 Units in April

MT Newswires Live

03/24

Toyota Motor (TM) plans to reduce its output bound for the Middle East by about 24,000 vehicles in April amid the ongoing conflict in the region, Japanese media outlet Chukei News reported Monday.

The planned cuts follow a 20,000-unit reduction in March, Chukei News said.

The automaker reportedly informed its major suppliers of the planned reduction by March 23.

Toyota Motor did not immediately reply to MT Newswires' request for comment.

(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.)

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