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Toyota Resumes Production in Japan
Toyota Motor Corp. reopened its 16 domestic assembly plants earlier today following a one-week shutdown because of a shortage of specialty steel.
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Toyota Motor Corp. reopened its 16 domestic assembly plants earlier today following a one-week shutdown because of a shortage of specialty steel.
The suspension cut Toyota’s domestic production by roughly 75,000 vehicles, according to The Nikkei. The Tokyo-based newspaper notes that orders for new vehicles usually peak in February and March as dealers prepare for the new fiscal year that begins April 1.
The report doesn’t say how Toyota was able to resume output, since the supplier that caused the problem doesn’t expect to resume production until March 29. Earlier reports said the carmaker was exploring procurement options with other steelmakers.
The closures were triggered by an explosion in early January at a mill operated by Toyota affiliate Aichi Steel Corp. The Nikkei notes that Toyota hasn't been forced to idle all its factories in Japan since the earthquake and tsunami in 2011.
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