Toyota to Reopen Changchun Plant

Toyota Motor Corp plans to resume operations at its joint-venture plant in Changchun as the city relaxes covid restrictions, Kyodo news agency reported. The plant had been shuttered since mid-March.

The Japanese automaker plans to resume regular operations on Wednesday, the report said, citing an unnamed source.

Auto sales in China plunged 11.7% in March from a year earlier, after the country imposed strict lockdowns to contain the spread of the highly contagious Omicron variant.

Reuters, with editing by Neal McGrath

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Neal McGrath

Neal McGrath is a New York-based financial journalist. Neal started his career covering the Asia-Pacific region for the Economist Intelligence Unit, then joined Asian Business magazine. He's subsequently held a variety of editorial positions covering business, economics, finance and sustainability. Neal has lived and worked in Hong Kong, Singapore, Germany and the US.