World Economy

Steel Shortage Stops Toyota Production

Steel Shortage Stops Toyota ProductionSteel Shortage Stops Toyota Production

Toyota is facing a whole week without production in its home country. The world’s largest carmaker had to suspend its output due to a shortage of a special steel variety, following an explosion at a factory, DW reported. Toyota said Monday that assembly lines would stand still for the rest of the week at 29 of its plants, including 18 operated by other companies. The move was necessitated after a recent explosion at a plant run by Toyota affiliate Aichi Steel, making it difficult for the carmaker to secure enough of a particular type of steel it uses for its auto parts.