The Czech plant of Toyota announced that it will halt production for the month of February due to a shortage of components in the supply chain. The plant, located in Kolin about 60 km east of Prague, increased its output by 35% to 202,255 cars last year and builds the new Aygo X mini crossover and the Yaris small hatchback. Toyota has invested more than 180 million euros in the expansion of the plant for production on the Toyota New Global Architecture B-platform since it took full ownership of the factory in 2021. Previously, it was a joint venture with PSA Group.

The Czech economy relies heavily on the car industry, which has been recovering as it works through supply snags and lends some support to an economy being hit by high inflation. The Czech Automotive Industry Association reported production rose overall by 10% to 1.2 million vehicles last year, with Volkswagen unit Skoda the main manufacturer. Hyundai also has a plant in the country.

Article by Prague Forum