UPDATE 3-VW, Toyota delay U.S. production restart, citing supplier concerns [Reuters]
Toyota Motor Corporation (TM)
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Source: Reuters
VW, Toyota delay U.S. production restart, citing supplier concerns (Reuters) - Volkswagen AG ( VOWG_p.DE ) and Toyota Motor Corp ( 7203.T ) said on Wednesday they will delay restarting U.S. production amid the coronavirus pandemic and concerns about the automotive supply network. VW said it is indefinitely delaying the resumption of production at its Tennessee assembly plant that had been set to restart on May 3. Toyota said it will delay the resumption of North American manufacturing operations to the week of May 11 from the week of May 4 after an “extensive review with our supplier and logistics network.” The German automaker in a statement said that before it sets a new date it “will weigh the readiness of the supplier base, as well as market demand and the status of the COVID-19 outbreak.” VW’s U.S. production has been suspended since March 21. Automakers had hoped to begin restarting production in early May but face hurdles including orders in key states like Michigan that li
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