Latin America

Bacchus4.0

(6,837 posts) Fri Feb 7, 2014, 05:39 PM Feb 2014

Toyota de Venezuela halts production indefinitely

http://www.eluniversal.com/economia/140207/toyota-de-venezuela-halts-production-indefinitely

The indefinite stoppage will be effective as of February 13 (File photo)Related Content
Toyota de Venezuela is halting operations indefinitely amid lack of supplies. "Just as we have informed in previous communiqués, we are facing a very difficult situation because of several reasons beyond our control that hinder operational continuity," read the statement released on February 5 among workers at the Toyota plant in Cumaná, northeast Venezuela.

The communiqué explained that the indefinite stoppage will be effective as of February 13. It outlined that the move will have a critical nature, considering that both the production and administrative activities of the plant will be cut to the bare minimum.

Toyota's statement insisted that the company faces a "critical situation," and highlighted that workers would be duly informed about the proposals to overcome the crisis and "ensure the company's survival."

3 replies

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Highlight:

Toyota de Venezuela halts production indefinitely (Original Post) Bacchus4.0 Feb 2014 OP

Viva la Revolución (sin producción!) n/t Marksman_91 Feb 2014 #1

Toyota Venezuela slams brakes on vehicle assembly, irks president Bacchus4.0 Feb 2014 #3

Toyota to End Car Manufacturing in Australia Judi Lynn Feb 2014 #2

Marksman_91

(2,035 posts)

1. Viva la Revolución (sin producción!) n/t

Reply to Bacchus4.0 (Original post)

Sat Feb 8, 2014, 02:26 AM

Feb 2014

Bacchus4.0

(6,837 posts)

3. Toyota Venezuela slams brakes on vehicle assembly, irks president

Reply to Marksman_91 (Reply #1)

Mon Feb 10, 2014, 03:32 PM

Feb 2014

http://finance.yahoo.com/news/toyota-venezuela-slams-brakes-vehicle-175159532.html

CARACAS, Feb 10 (Reuters) - Toyota Motor Corp plans to halt vehicle assembly in Venezuela this week despite a rebuke over the weekend from socialist President Nicolas Maduro and a demand for talks with the Japanese automaker's top executives.

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"We are in an extremely difficult situation, for different reasons beyond our control, which affect operational continuity, due to shortage of parts," said a Toyota internal memo published by local media and confirmed by the official.

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At the weekend, an angry Maduro accused the company's local representatives of exaggerating problems for political reasons. He ordered his industry minister to reach out to Toyota's Latin American boss or its executives in Tokyo to discuss the matter.

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"What about the productive capacity, the ability to substitute imports? Where's their capacity to make in Venezuela if they've been here 10 years? ... Aluminum, petrochemicals, iron, steel, we have it all."

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wtf @ Maduro lol

Judi Lynn

(160,542 posts)

2. Toyota to End Car Manufacturing in Australia

Reply to Bacchus4.0 (Original post)

Mon Feb 10, 2014, 04:21 AM

Feb 2014

Toyota to End Car Manufacturing in Australia
SYDNEY February 10, 2014 (AP)
By KRISTEN GELINEAU Associated Press

Toyota said Monday it will stop making cars in Australia by the end of 2017, spelling a final blow to auto manufacturing in the country, where car companies say high production costs and tough competition have made the business unviable.

Toyota's announcement, which will result in the loss of around 2,500 jobs, was widely anticipated, coming just two months after General Motors Co. said it would end production in Australia by 2017. Ford Motor Co. announced in May that it would cease Australian production in 2016.

All told, some 6,600 manufacturing jobs will be axed between the three companies. Mitsubishi Motors Corp. stopped manufacturing in Australia in 2008.

Toyota Motor Corp. said its decision was based on a combination of factors including the high Australian dollar, the high cost of manufacturing and competition.
"We did everything that we could to transform our business," Toyota Australia CEO Max Yasuda said in a statement. "But the reality is that there are too many factors beyond our control that make it unviable to build cars in Australia."

More:
http://abcnews.go.com/International/wireStory/toyota-end-car-manufacturing-australia-22437591

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