- Toyota has announced suspension of operations at 21 production lines in 11 of its 14 factories owing to a sudden hike in Omicron cases, as per SteelDaily.
- The decision is expected to disrupt production of a total of 47,000 units and may further tighten shindachi grade scrap supply.
- Toyota’s global production is expected to fall short of its fiscal target of 9 million units due to tight semiconductor supply .
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