top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Markets

27 Apr 2022

Toyota Reports Marked High March Global Production Figures despite Japan Drop

The Index Today

On Wednesday, Toyota Motor Corp recorded striking high global production figures for the month of March even as output plummeted in its native Japan which is reflective of the country’s falling demand and suspended operations at factories.

As per Reuters, Toyota revealed that it manufactured 866,775 vehicles globally in March, hitting a monthly high that marked a 2.8% production increase from March 2021. Despite that, Japan’s leading automaker witnessed a 16% production slump to 261,759 automobiles locally during the same month.

This comes following a cyber-attack that significantly affected Toyota’s production after its plants across the country were shut down temporarily. It is also reflective of Japan’s economy deteriorating under mounting costs and lagging growth.

Additionally, a magnitude 7.4 earthquake in northeastern Japan also contributed to the decline in domestic production after it impeded the timely supply of key parts, reported Reuters.

Clay pottery with table linens
bottom of page