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    7203   JP3633400001

TOYOTA MOTOR CORPORATION

(7203)
  Report
End-of-day quote. End-of-day quote Japan Exchange - 12/03
2079 JPY   +1.64%
12/03USTR backs efforts to strengthen U.S. EV industry despite objections
RE
12/03TOYOTA MOTOR : Stock Information
PU
12/03Toyota Said to Launch Electric Sedan in China Next Year
MT
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Toyota Motor : Supplier Novares seeks damages from carmakers over canceled orders

10/15/2021 | 11:43am EST

PARIS, Oct 15 (Reuters) - French auto supplier Novares is claiming tens of millions euros in damages from its customers after a global shortage in semiconductor chips has forced many carmakers to halt production and cancel orders.

Novares, which makes plastic components used in one in three vehicles worldwide, is seeking compensation for the cancellations that have left its stocks piling up.

"We have counted 2,000 sudden customer production halts since the start of the year, easily one hundred with less than 48 hours' notice," Novares CEO Pierre Boulet told Reuters.

He said the company would rely on commercial talks, not legal action, to be compensated.

The situation has been especially tense in Europe, Boulet added, highlighting the firm "could not be responsible" for carmakers' financial constraints.

The global chips shortage and supply chain snags have forced carmakers still recovering from last year's coronavirus disruptions to again pause production, as they compete for supplies with the sprawling consumer electronics industry.

Toyota said earlier on Friday it would cut its November production by as much as 15%, while Volkswagen's Skoda Auto warned it "would significantly cut, or even suspend" its production from Monday.

The automotive sector had hoped for improvement by the fourth quarter, but issues in supplying components from Asia could last into early 2022.

"Some of our clients are very polite, they warn us in advance and are ready to compensate the extra costs, but some only want a power struggle" said Boulet. "We are in a macho and somewhat selfish world." (Reporting by Gilles Guillaume; Writing by Sarah Morland Editing by Mark Potter and Louise Heavens)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
TOYOTA MOTOR CORPORATION 1.64% 2079 End-of-day quote.30.64%
VOLKSWAGEN AG -0.74% 165.32 Delayed Quote.8.46%
All news about TOYOTA MOTOR CORPORATION
12/03USTR backs efforts to strengthen U.S. EV industry despite objections
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Analyst Recommendations on TOYOTA MOTOR CORPORATION
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Financials
Sales 2022 31 164 B 276 B 276 B
Net income 2022 2 747 B 24 358 M 24 358 M
Net Debt 2022 18 313 B 162 B 162 B
P/E ratio 2022 10,7x
Yield 2022 2,77%
Capitalization 28 766 B 254 B 255 B
EV / Sales 2022 1,51x
EV / Sales 2023 1,36x
Nbr of Employees 366 283
Free-Float 69,9%
Chart TOYOTA MOTOR CORPORATION
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Toyota Motor Corporation Technical Analysis Chart | 7203 | JP3633400001 | MarketScreener
Technical analysis trends TOYOTA MOTOR CORPORATION
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 2 079,00 JPY
Average target price 2 368,50 JPY
Spread / Average Target 13,9%
EPS Revisions
Managers and Directors
Akio Toyoda Executive President, CEO & Representative Director
Kenta Kon CFO, Director & Chief Officer-Accounting Group
Takeshi Uchiyamada Chairman
Keiji Yamamoto Chief Information, Security & Software Officer
Seiji Sakai Manager-Information Systems & IT Management
Sector and Competitors
1st jan.Capi. (M$)
TOYOTA MOTOR CORPORATION30.64%254 400
VOLKSWAGEN AG8.46%122 221
DAIMLER AG48.17%103 409
GENERAL MOTORS COMPANY39.43%86 691
FORD MOTOR COMPANY122.75%76 488
GREAT WALL MOTOR COMPANY LIMITED18.98%67 630