Toyota to resume output at all of its factories in Japan on April 18

Article by Christian A., on April 8, 2011

Toyota Motor Corp., will resume production at its plants in Japan on April 18, 2011, and will continue operating through April 27, according to spokesperson Paul Nolasco. The company, however, will operate at only 50% of its full capacity.

After the March 11 earthquake and tsunami that devastated Japan and damaged a nuclear power plant, the company closed most of its factories in the country.

The quake had also damaged components plants, and from March 14 to 26, 2011, the company lost 140,000 units of production generally due from the shortage of plastics, rubber and electronic components.

On March 28, 2011, the company resumed operations at two factories for three models, prioritizing Prius and other hybrids. Nolasco said that Toyota has not made a production plan after the Golden Week holidays in Japan this May.

According to analyst Koji Endo at Advanced Research Japan in Tokyo, the company may lose at most 500,000 units of production due to the quake and tsunami at a minimum expense of 100 billion yen ($1.2 billion) for the financial year that ended March 31, 2011.

In 2010, Toyota, the largest automaker in the world, built 3.28 million vehicles in Japan. The shares of Toyota City as of 2:13 p.m. in Tokyo traded at 3,320 yen, rising as much as 0.8 percent.

On another note, Moody's Investors Service has disclosed that it will possibly cut the credit rating of Toyota after the natural disaster in Japan that interrupted the company’s ability to ship around 500 component types.

If you liked the article, share on:

Topics: toyota, japan, production

Comments

Recommended

It has been nearly eight years since Toyota entered a new era of sports cars when it officially unveiled the production version of the Toyota 86 – also known as...
by - February 27, 2019
The new Audi TT RS – yes, the top version of the German carmaker’s facelifted TT model series – is now officially here. If you could remember, the range-topping TT...
by - February 18, 2019
Nearly half a year ago when McLaren Automotive unveiled the McLaren 600LT Coupe, the British carmaker is now introducing a version that lets its passengers enjoy the thrill of an...
by - January 25, 2019
German carmaker Volkswagen is now making the latest evolution of the new Volkswagen Golf GTI -- the new Golf GTI TCR. First unveiled as a concept at the annual GTI...
by - January 24, 2019
It has been three and a half years since BMW unveiled the sixth generation of the BMW 7 Series. Thus, it is really about to give the 7 Series a...
by - January 17, 2019