Toyota Motor shutting North American plants for two days next week

(Reuters) – Toyota Motor Corp (T:) said it will close its North American plants on Monday and Tuesday of next week and will reopen on Wednesday amid the expected coronavirus sales decline.

The largest Japanese automaker said the March 23-24 closure “is being taken to help ensure the health and safety of our employees, and due to an anticipated decline in market demand related to the economic impact of the COVID-19 pandemic.”

Toyota said its service parts depots and vehicle logistics centers will continue to operate. Many automakers on Wednesday announced temporary shutdowns of varying lengths.

All plants will get a thorough cleaning, Toyota said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.