Toyota latest car maker to suspend production over coronavirus

Toyota has joined the likes of PSA, FCA, Ford, Renault and the Volkswagen Group in confirming short term manufacturing unit closures in Europe, two of which are in the Uk, because of the ongoing Coronavirus pandemic.

In a statement, the Japanese agency cited a variety of explanations for the closures: the acceleration of the virus in Europe, the related “lockdown” steps now getting phased in throughout the continent, a sharp fall in gross sales and an uncertain outlook for the firm’s supply chain.

The company’s manufacturing internet site in France has previously been shut, but from these days production traces

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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 challenge and allot twelve,257,688 fairness shares by a preferential challenge to Kubota at an challenge rate of INR 850 for each fairness share

NEW DELHI: Japanese tractor maker, Kubota Company will receive a 10% fairness stake worthy of Rs 1041 crore in Escorts Ltd on a publish funds reduction foundation, the business knowledgeable in a regulatory filing to Bombay Stock Exchange.

Upon completion of this transaction, Escorts and Kubota will spouse to grow to be a top participant in the Indian market and a hub of products improvement, producing and sourcing for world wide marketplaces.

Escorts will challenge

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