Japan’s factory output takes off as car production returns

Japan’s factory output seized the fastest pace on record in November, as facilitating global supply chain bottlenecks helped car production jump out of its new slump, lifting possibilities for a strong fourth-quarter economic bounce back. Japan’s industrial production bounced by a record in November, adding to prove that a manufacturing recovery from supply chain snags… Continue reading Japan’s factory output takes off as car production returns

Ford Motor will end car production in India, take $2 billion hit

Ford Motor Co will end producing in India and take a hit of about $2 billion as it doesn’t see a way to productivity in the country, becoming the latest automaker to leave a significant development market dominated by Asian opponents. The decision by Ford comes after it battled for years to prevail upon Indian… Continue reading Ford Motor will end car production in India, take $2 billion hit

Toyota will sever car production by 40% over global chip shortage

Toyota says it will cut global production for September by 40% from its past plan, becoming the last significant automaker to slice output because of a global chip crunch, yet it kept up with its annual sales and production targets. Toyota’s accomplishment in exploring the chip shortage better than rivals has descended to its bigger… Continue reading Toyota will sever car production by 40% over global chip shortage