- Japanese automakers Toyota Motor Corp TM and Honda Motor Co Ltd HMC have temporarily suspended production at their Malaysian factories due to the countrywide COVID-19 lockdown from June 1 to June 14, Reuters reports.
- Toyota produced 51,000 vehicles in Malaysia in 2020.
- Toyota’s compact car manufacturing subsidiary Daihatsu Motor made 220,000 vehicles in Malaysia in 2020.
- Honda’s two Malaysian plants produced 100,000 cars and 300,000 motorcycles annually.
- Price action: TM shares are higher by 3.85% at $172.37, and HMC shares are down by 0.40% at $31.13 on the last check Tuesday.
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