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☆ Toyota Motor terminates production at its plant in Russia -Kommersant
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterToyota's logo is seen at a Toyota Society Motors showroom in Karachi, Pakistan, July 27, 2022. The automaker suspended production in St Petersburg in March due to supply chain disruptions and stopped vehicle imports into Russia. Register now for FREE unlimited access to Reuters.com RegisterToyota has not decided to quit the Russian market completely but sees no prospect of resuming car production there, the sources said. Many factories in Russia have suspended production and furloughed workers due to shortages of high-tech equipment and an exodus of Western manufacturers after Moscow sent armed forces into Ukraine on Feb. 24 read more . Register now for FREE unlimited access to Reuters.com Registerreporting by Reuters; editing by Kevin Liffey and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ Toyota to produce 800,000 vehicles in October, weighed by chips shortage
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterToyota's logo is seen at a Toyota Society Motors showroom in Karachi, Pakistan, July 27, 2022. The world's largest automaker by sales said last month it aimed to produce about 900,000 vehicles per month from September through November. It now expects to produce about 850,000 vehicles per month on average from October to December, it said on Thursday. According to its October production plan, Toyota will suspend production for up to 12 days for 10 lines at seven domestic factories. Register now for FREE unlimited access to Reuters.com RegisterReporting by Satoshi Sugiyama; editing by Mark Potter and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

A man walks on the street in heavy rain and wind caused by Typhoon Nanmadol in Kagoshima on Japan's southernmost main island of Kyushu September 18, 2022, in this photo taken by Kyodo. NO COMMERCIAL OR EDITORIAL SALES IN JAPANTOKYO, Sept 19 (Reuters) - Typhoon Nanmadol brought ferocious winds and record rainfall to western Japan on Monday as one of the biggest storms to hit the country in years killed at least two people, disrupted transport and forced manufacturers to suspend operations. "We need to remain highly vigilant for heavy rains, gales, high waves and storm surges," a Japan Meteorological Agency (JMA) official told a news conference. Up to 400 mm (15.75 inches) of rain was expected in central Japan's Tokai region, the nation's industrial heartland, over the next 24 hours, it said. Intermittent bouts of heavy rain lashed Tokyo but businesses in the capital were largely operating as normal.

Most luxury brands could theoretically stop marketing since they can’t produce goods fast enough to meet current demand, but smart marketers are spending more to build long-term equity, Mr. Sproule said. “There’s no filtering, it’s direct-to-consumer, and we think that’s how consumers want to hear from luxury brands,” said Jeff Curry, vice president of marketing, communications and product, in describing Lucid’s marketing strategy. About 300 people who preordered the $300,000 Aston Martin 2022 V12 Vantage sports car attended dinner at the company's main factory in May. Executives said these events for existing customers and even paid events double as marketing functions, because they have the potential to raise luxury brands’ profiles among wealthy consumers. Separately, Aston Martin held a black-tie dinner for people who purchased the 2022 edition of its V12 Vantage sports car.

The deal includes a commitment from PPES that ioneer's lithium will be used to build EV battery parts inside the United States for the U.S. EV market. "The whole purpose of this agreement is for this lithium to be used in the United States," James Calaway, ioneer's executive chairman, told Reuters. The amount of lithium that ioneer will supply PPES is enough to make batteries for about 150,000 EVs annually, though that figure would vary depending on design and other factors. Australia-based ioneer aims to produce about 21,000 tonnes of lithium in Nevada annually starting in 2025. It signed a supply deal with Ford Motor Co (F.N) in mid-July and last year with South Korea's Ecopro Co (086520.KQ).

☆ Volkswagen focuses on regions to reduce supply chain vulnerability
▼ + stars: | 2022-04-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Aly Song/File PhotoBERLIN, April 19 (Reuters) - Volkswagen (VOWG_p.DE) said on Tuesday that a new growth plan would aim to reduce its vulnerability to the effects of global conflicts, such as supply chain disruption and rising prices, by divesting more power to its regions and brands. "The latest geopolitical changes and increased block-building have been exposing our global vulnerability, particularly with regards to the U.S.," Volkswagen Chief Executive Herbert Diess said in a LinkedIn post. read moreVolkswagen warned last week that it was feeling the impact of rising prices and supply chain bottlenecks, with deliveries in March down 37.3% from last year. read moreMercedes-Benz (MBGn.DE) Chief Technology Officer Markus Schaefer said last week that the German carmaker was also tightening its supply chains in light of global bottlenecks. Diess first announced a reshuffling of responsibilities at Volkswagen last December, after weeks of clashes between the CEO and labour unions over his leadership.

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