Toyota says it halts some Tianjin operations after report of partial suspension By Reuters

SHENZHEN, China (Reuters) – Toyota Motor (NYSE:) has halted manufacturing on some ageing strains at three way partnership in China whereas operations proceed as regular, the Japanese automaker mentioned on Saturday after a media report that it was partially suspending manufacturing as a consequence of weak gross sales.

The manufacturing halt on the Tianjin enterprise with China’s FAW was a deliberate transfer, and Toyota is adjusting manufacturing each day primarily based on modifications in automobile composition, a spokesperson mentioned by electronic mail.

The e-mail didn’t particularly tackle the Friday report by Japan’s Jiji information service that the world’s largest automaker by gross sales was suspending some manufacturing as a part of a significant manufacturing adjustment in response to weak gross sales of gasoline-engine vehicles.

The spokesperson didn’t instantly reply to follow-up requests for remark. A FAW consultant didn’t reply to a request for touch upon the Jiji report.

Reuters reported final month that Toyota had instructed sellers it could lengthen a plan to cut back output on the FAW enterprise.

Slowing gross sales pose a rising problem to Toyota in China which accounted for almost a fifth of Toyota’s worldwide gross sales of about 8.5 million autos over the primary 10 months of the yr, together with gross sales of its luxurious Lexus model.