Toyoda Gosei UK Moves to End Production

Toyoda Gosei UK Ltd. (TGUK), a local subsidiary of Toyoda Gosei Co. Ltd. (TYO:7282), is planning to end its production operations. The company is currently looking to consult with employees regarding the proposed closure. With automakers continuing to scale back or close their production in the U.K., TGUK has determined that it cannot expect to achieve growth going forward. This…

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