Friday, April 22, 2011

Toyota's auto production to recover by year-end

TOKYO,   -- Toyota Motor Corp. announced Friday that its production levels would begin to approach optimal levels by November or December.

The world's largest automaker has been severely hamstrung following the March 11 quake and tsunami damaging the automaker's facilities in Japan and power shortages forcing its factories to slash electricity usage.

Toyota stated that levels of production in Japan will normalize around July and their overseas operations in August, with efforts to get production back on track completed by the end of the year.

"I visited the affected areas several times," said Toyota President Akio Toyota at a press conference Friday announcing the normalization timeline. "I saw people's efforts first hand, and I was filled with confidence that their hard work would make possible a quicker recovery of production."

Toyota has resumed production at all its plants in Japan and said that supply chain disruptions were being resolved steadily, however production in plants in China and North America will still be adversely affected by some parts supply snags, the automaker said.


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