Toyota production cuts may last through November
Toyota Motors has announced that its previously announced production cuts will last at least until November/December as the carmaker faces a parts shortage caused by last month’s earthquake and tsunami.
Toyota recently reopened its Japanese plants at reduced capacity
As TMC continues to address its production situation in Japan following the disaster, it has decided that vehicle production from May 10 to June 3 will proceed at approximately 50 percent of normal. TMC will decide on production after this period after assessing the situation of its suppliers and other related companies. Today’s decision follows TMC’s previously announced decision to produce vehicles at all its Japanese vehicle-production facilities from April 18 to April 27 at approximately 50 percent of normal and for all production facilities to enter their annual spring holiday through May 9.
In North America, Toyota announced that previously announced production cuts would be extended to June 3, and that its factories in China would operate at 30-50% of capacity until that date. In addition, Toyota Motor said that production at its Japanese factories was likely to begin the recovery process by July, while its global operations will start to pick up speed by August. However a complete recovery in production levels may not happen until the end of the year, the company said.