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Toyota to halt Europe production for several days

Toyota cars lined up outside a car dealership in north west England. The Japanese auto giant has said it will temporarily halt production at five European plants for several days in April and May, due to a shortage of parts following the March 11 earthquake.COURTESY OF AP
Toyota Motor Corp. will suspend production in Europe for several days in April and May due to parts shortages following last month's massive earthquake and tsunami in Japan, the world's No. 1 automaker said Wednesday.
Wednesday, April 13, 2011
By: AP WRITERS
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TOKYO - Toyota Motor Corp. will suspend production in Europe for several days in April and May due to parts shortages following last month's massive earthquake and tsunami in Japan, the world's No. 1 automaker said Wednesday.

The move will affect five European plants - three auto assembly factories in Britain, France and Turkey, and two engine plants in Britain and Poland, Toyota said in a statement.

Production at the five plants will be halted for several days in late April and early May. Toyota had already announced a series of one-day shutdowns at its North American plants from April 15-25.

The magnitude-9.0 earthquake and ensuing tsunami on March 11 destroyed auto parts factories in northeastern Japan, causing severe shortages for Toyota and other automakers.

Toyota suffered a production loss of 260,000 cars in Japan from March 14 to April 8.

Toyota will resume car production at all its plants in Japan at half capacity from April 18-27, but the company has said it does not know when it can return to full production in the country due to the supply crunch.

Moody's Investors Service warned last week that it may downgrade its credit rating for Toyota amid concern over a prolonged production suspension.

 

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