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Toyota grapples with Canadian policy shifts amid aluminium supply uncertainty
Toyota is navigating dual challenges: influencing Canadian policy on EVs and managing increasing uncertainty in the aluminium supply chain. The company has formed a joint association with Honda to advocate for favorable EV policies in Canada, while global geopolitical tensions have led to a 13% rise in aluminium prices, impacting production costs and schedules. These factors collectively influence Toyota’s production stability and future investment decisions.