Toyota set to resume full output
Source: Agencies |
June 6, 2011, Monday
|
Print Edition
Print Edition
THE president of Toyota Motors said on Saturday he expects the auto maker to resume full production globally in November and its Japanese output is expected this month to recover to 90 percent of levels seen before a March earthquake.
"We are restoring (production) at fast speeds despite ongoing aftershocks," Akio Toyoda, the grandson of the company's founder, told reporters during a visit to South Korea to "encourage dealers."
"We expect our output to recover to normal from November ... For Japan's domestic production, we expect to resume 90 percent of our normal output this month," he said.
Toyota and its local rivals have been plagued by shortages of hundreds of components after a magnitude 9.0 earthquake and tsunami on March 11 damaged factories in Japan's northeast.
Production at Toyota is returning to pre-quake levels faster than the company anticipated, with output in June likely to reach 90 percent of pre-quake levels, a company spokesman confirmed yesterday.
That more optimistic outlook compares with a prediction last month for production to return to 70 percent of normal.
Toyoda said in April that a complete recovery was expected in November or December.
Still, in 2011 overall production may be almost a million vehicles less than Toyota had planned to build at the beginning of the year. Lost output by the end of May was 900,000 cars.
Because Toyota builds 38 percent of its cars in Japan compared with a smaller 25 percent at Nissan Motor Co Ltd and Honda Motor Co Ltd, the impact at Japan's biggest auto company has been greater.
"We are restoring (production) at fast speeds despite ongoing aftershocks," Akio Toyoda, the grandson of the company's founder, told reporters during a visit to South Korea to "encourage dealers."
"We expect our output to recover to normal from November ... For Japan's domestic production, we expect to resume 90 percent of our normal output this month," he said.
Toyota and its local rivals have been plagued by shortages of hundreds of components after a magnitude 9.0 earthquake and tsunami on March 11 damaged factories in Japan's northeast.
Production at Toyota is returning to pre-quake levels faster than the company anticipated, with output in June likely to reach 90 percent of pre-quake levels, a company spokesman confirmed yesterday.
That more optimistic outlook compares with a prediction last month for production to return to 70 percent of normal.
Toyoda said in April that a complete recovery was expected in November or December.
Still, in 2011 overall production may be almost a million vehicles less than Toyota had planned to build at the beginning of the year. Lost output by the end of May was 900,000 cars.
Because Toyota builds 38 percent of its cars in Japan compared with a smaller 25 percent at Nissan Motor Co Ltd and Honda Motor Co Ltd, the impact at Japan's biggest auto company has been greater.
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