Will Toyota Motor Find Support?
T = Trends for a Stock’s Movement
Toyota Motor is a Japan-based company mainly engaged in the automobile business and financial business. The company operates through three business segments: automobile, finance, and others. Through its segments, Toyota Motor designs, manufactures, and sells vehicles as well as related parts and accessories; offers financial services related to the sale of its products; and is involved in the design, manufacture, and sale of housing, information and communication businesses. Vehicles and related products are seeing increased innovation, and Toyota Motor is at the head of this trend. Toyota has been dominating the competition and has been first to provide new technologies so look for the company to continue innovating.
Amid heated wage negotiations and alleged threats against management, Toyota has temporarily idled two of its plants in India, shutting out 6,400 employees. Toyota India released a statement reading, “under the instigation of the union, certain sections of the employees have resorted to deliberate stoppages of the production line, abuse and threatening of supervisors.” It added that it had no other option but to declare a lockout “to ensure the safety” of workers and management, the Detroit Free Press reports. Toyota spokesperson Naoki Sumino said that there have not been any injuries or damage at its two plants, but the company is on high alert after riots in 2012 at automaker Maruti Suzuki killed a plant manager and injured many. That factory was closed for nearly a month, which analysts estimated cost the subsidiary of Japan’s Suzuki Motor Corp. about $18 million per day, the Detroit Free Press said.