Automotive Ekports February 2024
Toyota’s Daihatsu to compensate suppliers over production halt Carmaker Daihatsu, a subsidiary of Japanese automotive giant Toyota, will compensate 423 domestic suppliers with which it has direct business relations as its plants in Japan remain idle following a safety scandal, a spokesperson said. The small car specialist has halted production in Japan until the end of next month, the spokesperson said. The company will consider compensating suppliers based on past business volumes and is working to assess the impact of the stoppage on its sprawling supplier network, he added. Daihatsu said it halted shipments of all its vehicles after a safety investigation found issues involving 64 models, including almost two dozen sold under Toyota’s brand. The company will work with its main suppliers to address the fallout from the scandal and may also help smaller subcontractors that do not receive compensation to access support funds from the Industry Ministry, the spokesperson added. Daihatsu’s overseas operations focus heavily on Southeast Asia. It has resumed production of Perodua brand cars at two joint venture plants it operates with Malaysian automaker Perodua after getting regulatory clearance, the spokesperson said. The company, which is fully owned by Toyota, said it had resumed shipments from its subsidiary in Indonesia, PT Astra Daihatsu Motor. February 2024 30
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Toyota’s Daihatsu to compensate<br />
suppliers over production halt<br />
Carmaker Daihatsu, a subsidiary of Japanese<br />
automotive giant Toyota, will compensate 423<br />
domestic suppliers with which it has direct business<br />
relations as its plants in Japan remain idle following a<br />
safety scandal, a spokesperson said.<br />
The small car specialist has halted production in Japan<br />
until the end of next month, the spokesperson said.<br />
The company will consider compensating suppliers<br />
based on past business volumes and is working to<br />
assess the impact of the stoppage on its sprawling<br />
supplier network, he added. Daihatsu said it halted<br />
shipments of all its vehicles after a safety investigation<br />
found issues involving 64 models, including almost two<br />
dozen sold under Toyota’s brand. The company will<br />
work with its main suppliers to address the fallout from<br />
the scandal and may also help smaller subcontractors<br />
that do not receive compensation to access support<br />
funds from the Industry Ministry, the spokesperson<br />
added. Daihatsu’s overseas operations focus heavily<br />
on Southeast Asia.<br />
It has resumed production of Perodua brand cars at<br />
two joint venture plants it operates with Malaysian<br />
automaker Perodua after getting regulatory<br />
clearance, the spokesperson said. The company,<br />
which is fully owned by Toyota, said it had resumed<br />
shipments from its subsidiary in Indonesia, PT Astra<br />
Daihatsu Motor.<br />
<strong>February</strong> <strong>2024</strong><br />
30