Toyota boosts US production sooner than expected

Toyota will be able to boost its United States production sooner than expected following a devastating Japanese quake and tsunami which disrupted supply lines, the automaker said Wednesday.

Overall North American production will reach 70% of normal levels in June, up from approximated 30% in June.

Toyota had previously forecast that North American production would not start to ramp up again until August.

“Our team members and suppliers are working closely on countermeasure activities to improve the parts condition from Japan,” said Steve St Angelo, vice president of Toyota Motor Engineering & Manufacturing North America.

“We continue to develop solutions in order to restore 100% production as soon as possible for all of our North American-made vehicles.”

Toyota said it hopes to fully normalise production by late this year.

Models returning to 100% production in June are Avalon, Camry, Corolla, Highlander, Matrix, Sequoia, Sienna and Venza.

Earlier on Wednesday, Toyota said fourth quarter net profit tumbled 77% to $314-million.

Like many of its Japanese peers, Toyota declined to give a forecast for the current year as it assesses the impact of the March 11 disaster.

The 9.0-magnitude earthquake and the resulting tsunami hammered production, shattered supply chains and crippled electricity-generating facilities, including a nuclear power plant at the centre of an ongoing atomic emergency. — AFP

PW Botha wagged his finger and banned us in 1988 but we stood firm. We built a reputation for fearless journalism, then, and now. Through these last 35 years, the Mail & Guardian has always been on the right side of history.

These days, we are on the trail of the merry band of corporates and politicians robbing South Africa of its own potential.

To help us ensure another 35 future years of fiercely independent journalism, please subscribe.

Advertisting

South Africa has been junked

Treasury says the credit ratings downgrade “could not have come at a worse time”, as country enters a 21-day Covid-19 lockdown with little money saved up

Mail & Guardian needs your help

Our job is to help give you the information we all need to participate in building this country, while holding those in power to account. But now the power to help us keep doing that is in your hands

Press Releases

The online value of executive education in a Covid-19 world

Executive education courses further develop the skills of leaders in the workplace

Sisa Ntshona urges everyone to stay home, and consider travelling later

Sisa Ntshona has urged everyone to limit their movements in line with government’s request

SAB Zenzele’s special AGM postponed until further notice

An arrangement has been announced for shareholders and retailers to receive a 77.5% cash payout

20th Edition of the National Teaching Awards

Teachers are seldom recognised but they are indispensable to the country's education system

Awards affirm the vital work that teachers do

Government is committed to empowering South Africa’s teachers with skills, knowledge and techniques for a changing world

SAB Zenzele special AGM rescheduled to March 25 2020

New voting arrangements are being made to safeguard the health of shareholders

Dimension Data launches Saturday School in PE

The Gauteng Saturday School has produced a number of success stories