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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Toyota Motor Corporation    7203   JP3633400001

TOYOTA MOTOR CORPORATION

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Honda, Nissan furlough U.S. workers as auto demand plummets

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04/07/2020 | 10:02am EDT
FILE PHOTO: 89th Geneva International Motor Show in Geneva

Honda Motor Co and Nissan Motor Co on Tuesday said they had furloughed thousands of workers at their U.S. operations as the coronavirus pandemic slashes demand for cars in the country.

A spokesman for Honda, which employs about 18,400 workers at plants in Alabama, Indiana and Ohio, said the Japanese automaker would guarantee salaries through Sunday, having suspended operations on March 23. The plants will be closed through May 1.

Nissan said it was temporarily laying off about 10,000 U.S. hourly workers effective April 6. It has suspended operations at its U.S. manufacturing facilities through late April due to the impact of the outbreak.

Operations at Honda's Powersports plant in South Carolina, which makes all-terrain vehicles (ATVs), have been suspended since March 26.

Automakers are facing a dramatic drop in sales in the United States, the world's second-largest car market, after some states barred dealers from selling new cars while "stay-at-home" orders are in place. Fiat Chrysler Automobiles NV on Monday extended its shutdown of U.S. and Canadian plants until May 4.

Toyota Motor Corp has halted its U.S. and Canadian production through April 17. A Toyota spokesman said it has not furloughed full-time U.S. employees.

(Reporting by Maki Shiraki in Tokyo and David Shepardson in Washington; Editing by Jason Neely and Paul Simao)

Stocks mentioned in the article
ChangeLast1st jan.
HONDA MOTOR CO., LTD. -3.93% 2784 End-of-day quote.-10.16%
NISSAN MOTOR CO., LTD. -10.79% 400.9 End-of-day quote.-36.98%
TOYOTA MOTOR CORPORATION -3.13% 6755 End-of-day quote.-12.43%
WORLD CO., LTD. -3.03% 1567 End-of-day quote.-41.77%
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Financials
Sales 2020 29 674 B 275 B 275 B
Net income 2020 2 193 B 20 344 M 20 344 M
Net Debt 2020 15 589 B 145 B 145 B
P/E ratio 2020 8,84x
Yield 2020 3,21%
Capitalization 18 685 B 173 B 173 B
EV / Sales 2019
EV / Sales 2020 1,16x
Nbr of Employees 359 542
Free-Float 70,6%
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Technical analysis trends TOYOTA MOTOR CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 7 611,11 JPY
Last Close Price 6 755,00 JPY
Spread / Highest target 37,7%
Spread / Average Target 12,7%
Spread / Lowest Target -21,5%
EPS Revisions
Managers
NameTitle
Akio Toyoda President, CEO & Representative Director
Takeshi Uchiyamada Chairman
Kenta Kon Chief Financial Officer
Shigeki Terashi Director, Chief Technology Officer & Executive VP
Seiji Sakai Manager-Information Systems & IT Management
Sector and Competitors
1st jan.Capitalization (M$)
TOYOTA MOTOR CORPORATION-12.43%173 495
VOLKSWAGEN AG-24.82%77 091
HONDA MOTOR CO., LTD.-10.16%44 632
DAIMLER AG-32.39%39 701
BMW AG-28.08%37 828
GENERAL MOTORS COMPANY-29.29%37 036