The Peak Catch Up: The Week That Was 13 June 2021

The Peak Catch Up: The Week That Was 13 June 2021

A round-up of business and corporate news to digest this weekend!
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Toyota, Honda Temporarily Halt Production in Malaysia

Business news

Business news

Toyota Motor and Honda Motor have temporarily suspended production at their factories in Malaysia due to the ongoing nationwide coronavirus lockdown.

Toyota, which produced around 51,000 vehicles in Malaysia last year, will suspend sales and production from Tuesday, a spokeswoman said, adding that the company has not decided when production will resume. Meanwhile, its subsidiary Daihatsu Motor, which makes compact cars, will also halt production between June 1 and 14, a spokesman said. The subsidiary made about 220,000 vehicles in the South-east Asian nation in 2020.

Elsewhere, a Honda Malaysia spokesman said the automaker will temporarily close two plants during the lockdown. These plants, which annually make about 100,000 cars and 300,000 motorcycles, are expected to resume production after lockdown eases next month.

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