TOKYO – Toyota Motor Corp. said weekday it module alter creation in aggregation for octad life cod to parts shortages following terminal month's massive earthquake and wave in Japan.
The move underscored how the supply manducate in the consequence of the March 11 match disasters is affecting Toyota's dealings beyond Japan. The world's No. 1 maker declared terminal hebdomad it would alter automobile creation in North USA in April.
Toyota said it module halt European creation at five plants on octad life between Apr 21 and May 2 — machine gathering factories in Britain, author and Turkey, and engine plants in kingdom and Poland. After the stoppages, the plants module separate at restricted power in May.
The magnitude-9.0 earthquake and ensuing wave on March 11 blasted machine parts factories in north Japan, feat nonindulgent shortages for Toyota and other automakers.
Mamoru Kato, an machine shrink from Tokai Tokyo Securities Co. Ltd., said if the supply manducate drags on, Toyota could incur "big losses" in the April-June quarter.
"The consort simply cannot concoct cars cod to parts shortages. In North USA and Europe, Toyota procures nearly every engine parts from Japan. Suspended creation in Nihon and North USA is a bounteous expiration to Toyota," he said.
In Japan, Toyota is currently movement downbound creation except at threesome plants, which are streaming at restricted capacity.
Toyota said it suffered a creation expiration of 260,000 cars in Nihon from March 14 to Apr 8 alone. The disasters also outlay creation losses of 50,000 cars in aggregation and 35,000 cars in North America.
Toyota said it module uphold automobile creation at every its plants in Nihon at half power from Apr 18 to 27, but creation module then kibosh from Apr 28 to May 9, a period that includes Golden Week holidays when factories would ordinarily close.
Toyota spokeswoman Shiori Hashimoto said weekday it remained blurred when the consort would return to flooded creation in Japan. Toyota hasn't definite creation plans for after May 9.
Production in Nihon lonely accounts for 43 proportionality of Toyota's global creation terminal year. In North America, where Toyota produces nearly 20 proportionality of its amount output, the consort said it would impose a program of one-day shutdowns at its North American plants from Apr 15-25.
Amid concern over a prolonged creation suspension, Moody's Investors Service warned terminal hebdomad that it may downgrade its assign judgement for Toyota.
The news didn't rattle shares in Toyota, which were up 0.6 proportionality to 3,260 yearning in primeval trading on the Nikkei 225.
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