Why is Toyota shutting down?

Toyota shutdown in 2022 after the pandemic struck, and there was a global semi-conductor shortage, coupled with disruptions in the supply chain.

About Toyota

Toyota Motor Corporation is a Japanese multinational automobile company founded by Kiichiro Toyoda in 1934.

With its headquarters located in Toyota City, Aichi, Japan, Toyota remains one of the largest car manufacturers in the world, with over 10 million vehicles produced annually.

The first Toyota vehicle was manufactured in 1936, before the company was formally incorporated in 1937, with the help of American automobile manufacturers.

Toyota began selling cars to the Chinese middle-class, and its Toyota Corolla model became one of the world’s all-time best-selling automobile.

As of 2020, Toyota was named the the world’s largest automobile manufacturer, Japan’s largest company and the world’s ninth-largest company in terms of revenue.

Toyota has released several models from inception, including the Toyota Prius, the Toyota Mirai, the Hilux FC model, Toyota Previa, Toyota Camry and so on.

Toyota now appears on the list of the London Stock Exchange, Nagoya Stock Exchange, New York Stock Exchange and Tokyo Stock Exchange.