Shanghai Lockdown Causes Toyota to Halt Production at 8 Plants

Toyota Motor Corp. will suspend the operation of 14 production lines across eight factories in Japan for nearly one week later this month as part of the Japanese automaker’s effort to cope with a microchip shortage caused by a month-plus Chinese coronavirus lockdown of Shanghai, China, Kyodo News reported Wednesday.

Workers assemble fourth generation Toyota Prius cars on the production line at the company's Tsutsumi assembly plant in Toyota City, Aichi prefecture on December 8, 2017. / AFP PHOTO / Toshifumi KITAMURA (Photo credit should read TOSHIFUMI KITAMURA/AFP via Getty Images)

Texas Factory Production Crashed in August

Texas manufacturing activity unexpectedly slowed significantly in August, data from the Federal Reserve Bank of Dallas showed Monday. The production index of the Dallas Fed’s Texas Manufacturing Outlook Survey plummeted to 20.8 in August from 31.0 in July. The index

NASHVILLE, TENNESSEE - OCTOBER 22: Democratic presidential nominee Joe Biden checks his watch during the final presidential debate against U.S. President Donald Trump at Belmont University on October 22, 2020 in Nashville, Tennessee. This is the last debate between the two candidates before the election on November 3. (Photo by …

Manufacturing Growth Sped Up in February

The ISM Manufacturing Report on Business PMI stood at 60.8 in February, up from 58.7 in January. That’s the highest level since August 2018 and indicates a powerful expansion for the manufacturing sector.

Factory worker and engineer doing inspection.