Concern about decline in global automobile demand Minister of Economy, Trade and Industry Kajiyama March 24 12:29
Regarding the movement to stop some of the domestic factories among automakers as global demand for automobiles declines due to the spread of the new coronavirus, Minister of Economy, Trade and Industry Kajiyama said that if demand continues to decline He stated that the impact would be greater and would share information with manufacturers and consider necessary measures.
Toyota reports that global demand for automobiles will inevitably decline due to the spread of the new coronavirus. For a period, decided to suspend operation.
In a press conference after the Cabinet meeting, Minister of Economy, Trade and Industry Kajiyama said, "We are sending cars completed in domestic factories to North America and Europe. If the market is not functioning, the inventory will naturally run out. "We are concerned about the continued decline in global demand and the growing impact.
Minister Kajiyama then said, "We want to make sure that we can take the necessary measures with a sense of speed after carefully grasping the trends and voices of companies in each country," and shared information with automobile and parts manufacturers. He stated that he would consider necessary measures.