Toyota is halting production at its 14 factories in Japan after a key supplier was hit by a suspected cyberattack.
Why is this important: The apparent attack came a day after Japan joined its US and European allies in blocking some Russian banks from accessing the SWIFT international payment system, but it was unclear if the incident was related.
- Japanese Prime Minister Fumio Kishida said officials would investigate to determine if 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 “vendor system failure”.
- It was unclear how long the Japanese factories, which account for about a third of Toyota’s global output, would remain closed.
- A spokesperson for Toyota’s North American operations told Axios that the disruption, assuming it is temporary, is unlikely to affect the supply of vehicles to US dealerships.
The big picture: The shutdown is the latest manufacturing headache for the world’s biggest automaker, which like the rest of the industry is facing pandemic-related supply chain disruptions.
- Toyota’s North American plants have also been hit recently by parts shortages caused by protests by Canadian truckers.