Company Of The Day: Toyota
What?
Toyota (NYSE:TM) , the world’s largest car manufacturer by volume, is likely to cut global production in September by 40% from its previous plan due to a shortage in semiconductors.
Why?
- Toyota Stock Looks Like A Buy Despite Tepid Guidance
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- Company Of The Day: Toyota
- Forecast Of The Day: Average Revenue Per Toyota Vehicle
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Although Toyota weathered the initial impacts of the semiconductor supply crunch fairly well, the current resurgence of Covid-19 in Asia appears to be resulting in supplier disruptions for key components.
So What?
While the company maintained its annual sales and production targets, the cuts serve as a reminder that even Toyota, which is one of the best supply chain managers, remains vulnerable to disruption through Covid-19. Toyota stock declined by over 6% over the last two trading days.
See Our Complete Analysis For Toyota
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