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Toyota to extend production cuts at Japan through Nov 12

Dow Jones reported that Toyota Motor Corporation will maintain production cutbacks in Japan and six other countries, mainly in North America and Southeast Asia, due to parts shortages resulting from the flooding in Thailand.

Toyota also said that it will keep its three Thai assembly plants offline through November 12th 2011, although there has been no physical impact on the plants from the floods.

The company said it will make a decision on production from November 14th 2011 based on an assessment of the situation as it develops. The Japanese auto maker also said it is too early to say how this situation will affect its earnings and it doesn't have an update on which parts are in short supply.

The company said separately it expects lost production in Thailand from October 10th 2011 to November 5th 2011 to be approximately 69,000 units and lost production in Japan from October 24th 2011 through November 5th 2011 to be approximately 22,000 units.



Sourced from Dow Jones

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