Tokyo – Toyota stated Tuesday it has been hit by a technical glitch forcing it to droop manufacturing in any respect 14 factories in Japan.
The world’s greatest automaker gave no additional particulars on the stoppage, which started Tuesday morning, however stated it didn’t look like brought on by a cyberattack.
The firm stated the glitch prevented its system from processing orders for components, leading to a suspension of a dozen factories or 25 manufacturing traces on Tuesday morning.
The firm later determined to halt the afternoon shift of the 2 different operational factories, suspending all of Toyota’s home crops, or 28 manufacturing traces.
‘We don’t imagine the issue was brought on by a cyberattack,’ the corporate stated in an announcement to AFP.
‘We will proceed to research the trigger and to revive the system as quickly as doable.’
The incident affected solely Japanese factories, Toyota stated.
It was not instantly clear precisely when regular manufacturing would possibly resume.
The news briefly despatched Toyota’s shares into the pink within the morning session earlier than recovering.
Toyota Motor Corp’s Tsutsumi plant the place its operation is suspended, is pictured in Toyota, Aichi Prefecture, Japan, on this photograph taken by Kyodo, Aug. 29, 2023.
Last yr, Toyota needed to droop all of its home factories after a subsidiary was hit by a cyberattack.
The firm is likely one of the greatest in Japan, and its manufacturing actions have an outsized influence on the nation’s economic system.
Toyota is known for its ‘just-in-time’ manufacturing system of offering solely small deliveries of essential components and different objects at varied steps of the meeting course of.
This apply minimizes prices whereas bettering effectivity and is studied by different producers and at enterprise colleges world wide, but additionally comes with dangers.
The auto titan retained its world top-selling auto crown for the third yr in a row in 2022 and goals to earn an annual web revenue of $17.6 billion this fiscal yr.
Major automakers are having fun with a strong surge of worldwide demand after the COVID-19 pandemic slowed manufacturing actions.
Severe shortages of semiconductors had restricted manufacturing capability for a bunch of products starting from automobiles to smartphones.
Toyota has stated chip provides had been bettering and that it had raised product costs, whereas it labored with suppliers to deliver manufacturing again to regular.
However, the corporate was nonetheless experiencing delays within the deliveries of latest automobiles to clients, it added.