TOKYO—Japan’s Toyota Motor Corp. set a global annual output record in the business year ended in March, just edging past its target of 9.1 million vehicles as factory disruption from global chip supply woes and pandemic lockdowns eased. But the world’s biggest automaker by sales warned it continued to see impacts from the long-running global…
Toyota Edges Past 9.1 Million Vehicle Output Goal, Warns Chip Shortage Lingering
Japan’s Factory Output Posts Biggest Fall in 8 Months on Weak Autos, Chips Sectors
TOKYO—Japan’s factory output shrank at the fastest pace in eight months in January as declining overseas demand took a heavy toll on key industries such as auto and semiconductor equipment. In contrast, retail sales posted their fastest growth in nearly two years, separate data showed, highlighting the divergent paths between soft manufacturing and robust…
Struggling Aerospace Suppliers May Not Be Able to Support Jet Output Hikes: Survey
Meeting Boeing Co. and Airbus SE’s planned jet output hikes this year will not be a “slam dunk” for the aerospace supply chain, a Morgan Stanley survey of 80 suppliers showed on Thursday. While the aerospace sector seeks to speed up its recovery from a pandemic-led slowdown as a travel boom spurs demand for jets,…
AerCap CEO Says Aircraft Makers’ Output Delays to Last Years
DUBLIN—The world’s largest aircraft lessor AerCap on Monday warned that delivery problems at Boeing and Airbus were likely to last years and that manufacturers were giving airlines too little notice about delays. Over-promising and under-delivery is likely to be an issue with manufacturers “for years to come,” AerCap chief executive Aengus Kelly told the annual…
Around 40 Percent of German Companies Expect Output Decline in 2023: IW Institute
BERLIN—Four out of ten German companies expect business to shrink in 2023, a survey by the German Economic Institute (IW) showed on Monday, blaming high energy costs, supply chain issues, and the continuing war in Ukraine. “The risk of a gas shortage in the 2022/23 winter season is no longer as present as it was…
Russia’s January-November Oil Output up 2 Percent Ahead of EU Ban, Price Caps
December 6, 2022
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MOSCOW—Russia’s January-November oil and gas condensate production rose 2.2 percent from a year earlier to 488 million tonnes, the Interfax news agency said on Tuesday, citing Deputy Prime Minister Alexander Novak, who expects a slight output decline following new sanctions. European Union countries that have been primary buyers of Russian crude for decades stopped buying…
Japan’s Factory Output Falls for First Time in Four Months as Firms Battle Rising Costs
TOKYO—Japan’s factory output fell in September for the first time in four months as manufacturers grappled with rising raw materials costs and global economic slowdown, and is likely to fall again next month before picking up in November, the government said. In a brighter sign for the world’s third-largest economy, retail sales grew for a…
Toyota Expects to Cut Full-Year Output Target Due to Chip Shortage
TOKYO—Toyota Motor Corp. said on Friday its annual vehicle production was likely to come in below its initial target, as a persistent global semiconductor shortage hampers efforts by the world’s biggest car maker by sales to boost output. The Japanese company has been under scrutiny over whether it can stick to its annual production target…
Toyota Motor Lowers October Output Target by 6.3 Percent
TOKYO—Toyota Motor Corp. on Friday lowered its October production target by 6.3 percent to about 750,000 vehicles because of a shortage of semiconductors. The announcement comes about a week after the world’s largest automaker by sales released its production target of about 800,000 vehicles globally for the next month, deepening worries that the chip shortage…
Europe’s Generic Drugmakers Say They May Cut Output Due to Energy Bills
FRANKFURT—Europe’s drugmakers have warned they may stop making some cheap generic medicines because of surging electricity costs and are calling for an overhaul of the way they are priced, the latest industry to seek help as the energy crisis deepens. The generic drug industry lobby group Medicines for Europe, which represents companies including Teva, Novartis’s…
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