Tesla is one of the first companies in the world to disclose that Houthi militant attacks in the Red Sea caused the organization to suffer output disruptions.
Company president Koji Sato said Toyota is attempting to determine how its supply chain would be affectedafter suppliers Sumitomo Electric and Aisin suffered damage during the quake.
VinFast said in October 2023it would build assembly factories in India and Indonesia that each have an annual capacity of up to 50,000 cars and a capital expenditure of up to $200 million at first.
The American car company was able to deliver a record number of vehicles during Q4, helping the organization hit its 2023 target of 1.8 million automobiles.
The metal used in stainless steel and electric vehicle batteries posted an annual drop of 45% on the London Metal Exchange, the biggest decline since 2008.
Toyota and Honda will each invest about $1.44 billion in the country, while Isuzu Motors and Mitsubishi will combine to invest the remaining $1.44 billion.
The shutdown comes about a week after Daihatsu said it was suspending all vehicle shipments after it was found that the organization used improper testing for 64 vehicle models.
The latest supply-chain news, analysis, trends and tools for executives in the automotive industry — which consists of companies that produce automobiles, utility vehicles, motorcycles, all-terrain vehicles and heavy trucks. Learn how automotive companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.