TM Jun 2024 90.000 put
- Bloomberg
Japan Trade Deficit Shows Weak Yen Is Weighing on Economy
(Bloomberg) -- Japan’s imports rebounded in April as the weak yen boosted their value, pushing the nation’s trade balance into deficit and highlighting the increasing economic burden stemming from the currency’s plunge. Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe Turbulence‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorTesla Shareholder Group Slams Elon Musk’s $56 Billion Pay PackageHims Debuts $199 Weight-Loss Shots at 85% Discoun
- Reuters
Toyota mulls over $500 million investment into Texas plant
Major automakers are now refocusing their efforts and investments on hybrid and gasoline-powered vehicles with better profit margins, after slowing demand for electric vehicles prompted them to cut financial commitments towards such models. "We are constantly evaluating our competitiveness and making decisions to support the potential for continued investments across our North American operations...," Toyota said in an emailed statement to Reuters. Toyota did not provide additional details on the investment.
- Reuters
Exclusive-Toyota repeatedly halted Mexico plant after suppliers hit by worker shortage, sources say
Toyota Motor was forced to repeatedly halt production at a Mexico plant in February and March after local labour shortages snarled output at suppliers, according to people with knowledge of the automaker's operations. The stoppages, details of which were corroborated by documents from Toyota and suppliers reviewed by Reuters, illustrate a potential choke point for the world's top automaker, which plans to produce 10 million vehicles this year. Toyota halted production for a total 19 days in February and March at its plant in Tijuana, Mexico, where it makes the Tacoma pick-up truck, according to two of the people.
