Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

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The Impact of COVID-19 on Toyota Group Automotive Division and Countermeasures

Authors
Jinling Tang1, *, Yunzai Wang2, Chenyu Zhao3
1Hangzhou NO.4 International High School, Zhejiang, China
2Shanghai Weiyu High School, Shanghai, China
3The Village School, Whittington Dr, Houston, 13051, USA
*Corresponding author.
Corresponding Author
Jinling Tang
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_140How to use a DOI?
Keywords
Toyota; COVID-19; Financial change
Abstract

The new coronavirus outbreak has affected production and sales in the automotive industry. The impact on the production and transport of parts has led to ever-lengthening vehicle production lead times, and with rising international oil prices, the automotive industry is experiencing enormous pressure. Under these circumstances, the Toyota Group in Japan has been able to maintain maximum productivity. This article focuses on the impact on the automotive industry in the context of the epidemic situation. In this article, we look at the financial changes of the Toyota Group, which has been the global leader in car sales for two years in a row. Also this article will analysis why this changes happen and which factors cause it.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-052-7_140
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_140How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jinling Tang
AU  - Yunzai Wang
AU  - Chenyu Zhao
PY  - 2022
DA  - 2022/12/27
TI  - The Impact of COVID-19 on Toyota Group Automotive Division and Countermeasures
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 1260
EP  - 1267
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_140
DO  - 10.2991/978-94-6463-052-7_140
ID  - Tang2022
ER  -