Feb 28, 2022 - Economy

Toyota halts production in Japan after suspected cyberattack

A vehicle drives past the Toyota Motor Corp's Motomachi plant in Toyota, Aichi Prefecture, Japan.

A vehicle drives past the Toyota's Motomachi plant in Japan. Photo: Akio Kon/Bloomberg via Getty Images

Toyota is halting production at all 14 of its factories in Japan after a key supplier was hit by a suspected cyberattack.

Why it matters: The apparent attack occurred a day after Japan joined U.S. and European allies in blocking some Russian banks from accessing the SWIFT international payment system, but it was not clear whether the incident was related.

  • Japanese Prime Minister Fumio Kishida said officials would investigate to determine whether Russia was involved, Reuters reported.

Details: Kojima Industries Corp said it appeared to have been the victim of some kind of cyberattack, which Toyota described as a "supplier system failure."

  • It was unclear how long the Japanese factories, which account for about one-third of Toyota's global production, would remain closed.
  • A spokesperson for Toyota's North American operations told Axios the disruption, assuming it is temporary, was unlikely to affect vehicle supplies on U.S. dealer lots.

The big picture: The shutdown is the latest manufacturing headache for the world's largest automaker, which, like the rest of the industry, is facing pandemic-related supply chain disruptions.

  • Toyota's North American factories were also hit recently by parts shortages caused by the Canadian trucker protests.
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