Tag: Japanese

Toyota furloughs seven lines in five Japanese plants | Automotive Industry News

“Thanks to the current market condition and decline in demand from customers abroad”, Toyota Motor Corporation (TMC) has made a decision to halt production on seven¬†production strains in five Japanese plants beginning from three April.

The suspension time period may differ by plant and production line.

  • Takaoka Plant, #one production line
  • three operating times from three-7 April
  • Tsutsumi Plant, #one and #two production strains
  • three operating times from three-7 April
  • Tahara Plant, #one production line
  • 6 operating times from three-ten April
  • Tahara Plant, #three production line
  • 8 operating times from three-14 April
  • Toyota Motor Kyushu (TMK), #one production line
Read More

Japanese Tractor maker Kubota acquires 10% stake in Escorts, Auto News, ET Auto

Escorts will issue and allot 12,257,688 equity shares through a preferential issue to Kubota at an issue price of INR 850 per equity share
Escorts will problem and allot twelve,257,688 fairness shares through a preferential problem to Kubota at an problem price tag of INR 850 per fairness share

NEW DELHI: Japanese tractor maker, Kubota Company will get a ten% fairness stake truly worth Rs 1041 crore in Escorts Ltd on a put up cash reduction foundation, the company knowledgeable in a regulatory filing to Bombay Inventory Exchange.

Upon completion of this transaction, Escorts and Kubota will partner to become a leading player in the Indian industry and a hub of item growth, manufacturing and sourcing for global marketplaces.

Escorts will problem and allot

Read More