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Toyota Production Cuts To Last Until End Of The Year

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Toyota Motors production cuts will last at least until the end of the year, as the carmaker continues to face a shortfall in the supply of parts.

Production is likely to return to normal levels only by November or December, the company said.

Toyota and other auto manufacturers have been facing a shortage of parts due to the damage caused by last month's earthquake and tsunami.

Toyota has curbed production at its factories in Japan and overseas.

The world's biggest carmaker said that production at its Japanese factories was likely to begin the recovery process by July, while its global operations will start to pick up speed by August.

However a complete recovery in its production at its Japanese and global plants will happen only by the end of the year, the company said.

Likely by the end of the year? Looks like we already have a ready made excuse for global manufacturing to decline at some point this year.

And it won't be down to lack of demand it will be down to a lack of parts.

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  • 311 Brexit, House prices and Summer 2020

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