Production of the A4, A5 and A8 models will be suspended from May 16 to May 20 due the war in Ukraine, the chip shortage, and COVID-19 lockdowns in China.
The automaker confirmed a non-cash writedown of nearly 2.2 billion euro ($2.29 billion) to reflect the potential costs of suspending operations in the country because of its invasion of Ukraine.
Toyota smashed earnings records across the board in the latest fiscal year, but now it’s tapping the brakes as market uncertainty and inflation cast new shadows.
2021 dealership acquisitions reshaped the auto retail landscape
Automotive News tracked more than 380 dealership acquisitions in 2021, a year which was highlighted by a spree of megadeals and single-store transactions.
As COVID rolled on, legions of companies migrated to Florida. Which metro areas gained the most?
A COVID-driven migration of companies to Florida from the Northeast and elsewhere in the U.S. helped lift the local economies of major Florida cities. But which of the metros benefitted the most?