by Ok that’s not 4% that is FORTY … 4-0 … percent.Ok so let me get this straight… the worlds largest automotive production firm is imminently going to reduce production by 40% (again that is not 4% that is 4-0 percent) and the inflationistas think the Fed should (to them) “reduce accommodation!” because things are going too well? The party is getting so out of bounds the Fed will have to “take away the punch bowl!” ? Are they insane?Toyota could care less what interest rates are they don’t even have any inventory to finance… not good… reducing production to lowest since 2nd quarter 2020 which saw a -32.9% GDP…NAGOYA, Japan -- Toyota Motor said Thursday it will reduce global production for September by 40% from its previous plan, as the spread of the coronavirus in Southeast Asia adds to
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
Ok that’s not 4% that is FORTY … 4-0 … percent.
Ok so let me get this straight… the worlds largest automotive production firm is imminently going to reduce production by 40% (again that is not 4% that is 4-0 percent) and the inflationistas think the Fed should (to them) “reduce accommodation!” because things are going too well? The party is getting so out of bounds the Fed will have to “take away the punch bowl!” ? Are they insane?
Toyota could care less what interest rates are they don’t even have any inventory to finance… not good… reducing production to lowest since 2nd quarter 2020 which saw a -32.9% GDP…
NAGOYA, Japan -- Toyota Motor said Thursday it will reduce global production for September by 40% from its previous plan, as the spread of the coronavirus in Southeast Asia adds to supply troubles for Japan's top automaker.
The maker of the Prius hybrid and the RAV4 SUV planned to build nearly 900,000 automobiles for the month, but that number has been reduced to about 500,000. Nikkei reported on the production cuts earlier.
Unlike other automakers, Toyota had been relatively unscathed by the global chip shortage. But other components are starting to run short as Southeast Asian nations, home to key links in the company's supply chain, struggle to contain the coronavirus, forcing Toyota to halt assembly lines at home and abroad.
At roughly 500,000 units, Toyota's global production in September will be the lowest since May 2020, when the coronavirus was hitting U.S. and European factories.
#Toyota announced that it will reduce its global production by 40% in September due to Covid-related factory disruptions and renewed chip shortage. https://t.co/eqOEnDAkNM #Automotive
— Bruno A. Bonechi (@BBonechi) August 21, 2021