Toyota Motor sees production restored by December
The automaker will begin raising production to regular levels from July in Japan and from August at overseas plants, the company said.
By Bloomberg | Updated:
TOKYO: Toyota Motor expects production to return to normal by December at the latest, as the world's biggest carmaker struggles with supply-chain disruptions caused by Japan's record earthquake and tsunami.
The automaker will begin raising production to regular levels from July in Japan and from August at overseas plants, the company said in a statement. Output for all models will be normal by November or December, it said.
Toyota, Honda Motor and Nissan Motor are working to restore full plant operations in Japan and at factories abroad that are running short of parts. Renesas Electronics, a chipmaker that has 30% of the world market for microcontrollers used in cars, said it will restart a damaged factory ahead of schedule, helping Toyota to form its production plan.
"Renesas has a big impact on the car industry," said Takeshi Miyao, an analyst at consultant Carnorama. "The announcement must have led Toyota to decide it can normalise by the end of the year."
Toyota may lose production of 300,000 vehicles in Japan and 100,000 units of overseas auto production through the end of April due to quake-related shutdowns, Executive vice-president Atsushi Niimi said here in Tokyo. The company is unlikely to meet its full-year global production target of 7.7 million units, he said.
Toyota President Akio Toyoda said that about 150 parts are still in critically short supply, mostly of materials including rubber and plastics.
The automaker will begin raising production to regular levels from July in Japan and from August at overseas plants, the company said in a statement. Output for all models will be normal by November or December, it said.
Toyota, Honda Motor and Nissan Motor are working to restore full plant operations in Japan and at factories abroad that are running short of parts. Renesas Electronics, a chipmaker that has 30% of the world market for microcontrollers used in cars, said it will restart a damaged factory ahead of schedule, helping Toyota to form its production plan.
"Renesas has a big impact on the car industry," said Takeshi Miyao, an analyst at consultant Carnorama. "The announcement must have led Toyota to decide it can normalise by the end of the year."
Toyota may lose production of 300,000 vehicles in Japan and 100,000 units of overseas auto production through the end of April due to quake-related shutdowns, Executive vice-president Atsushi Niimi said here in Tokyo. The company is unlikely to meet its full-year global production target of 7.7 million units, he said.
Toyota President Akio Toyoda said that about 150 parts are still in critically short supply, mostly of materials including rubber and plastics.
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