1 trillion yen credit line for Toyota Sumitomo Mitsui Banking Corporation and Mitsubishi UFJ Bank on March 27 16:03
While automobile sales have dropped sharply due to the spread of the new coronavirus, it has been determined that Sumitomo Mitsui Banking Corporation and Bank of Tokyo-Mitsubishi UFJ will set a lending limit of ¥ 1 trillion at the request of Toyota.
Toyota aims to secure upfront financing measures in the event that the spread of infection is prolonged and demand for vehicles is further sluggish.