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Toyota Halts Brazil Production After Storm Damage: Report - Toyota Motor (NYSE:TM), Precidian ETFs Trust Toyota Motor Corporation ADRhedged (ARCA:TMH)
Benzinga· 2025-09-25 15:46
Core Insights - Toyota Motor Corporation is facing production disruptions due to severe weather damage at its engine plant in Brazil, affecting operations at two facilities [1][2][3] Group 1: Production Impact - The Porto Feliz facility in São Paulo, where engines are manufactured, and the Sorocaba plant, which produces vehicles like the Yaris and Corolla, have halted operations [2][3] - Extensive structural damage occurred at the Porto Feliz plant due to a violent storm, leading to an indefinite delay in the rollout of the Yaris Cross model intended for the Brazilian market [3][4] Group 2: Employee Safety and Damage Assessment - No fatalities were reported from the incident, but approximately 30 employees sustained minor injuries [3] - The company is currently focused on recovery efforts and assessing the long-term damage at the affected sites [4] Group 3: Stock Performance - Toyota Motor shares have seen a gain of over 7% in the past year, although they traded lower by 0.33% to $197.44 recently [4][5]