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Toyota's Japanese Output Down 63% Due To Parts Shortage

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Toyota Motors has said that its Japanese production fell by 63% in March compared with the same month last year, as its production cuts continued.

The company has been facing shortages in supplies of parts as production has been disrupted because of last month's earthquake and tsunami.

While it has restarted production in Japan, its factories have been working at a reduced output.

The firm has said output would return to normal only by the end of 2011.

The world's biggest car manufacturer also announced more cuts in production at its factories in Asia.

That's a huge cut, I wonder how this will be messaged out of the GDP figures?

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