Toyota production affected until Nov.
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Play VideoJapanese carmakers have suffered major setbacks to production following last month's quake and tsunami. But the twin disasters haven't prevented them from showcasing their latest vehicles at the Shanghai Auto Show.
Production of the world's top selling auto maker won't return to normal until November or December.
Apologizing to overseas customers at the Shanghai Auto Show, Toyota's president promised his company would bounce back.
Akio Toyada, Toyota President, said, "I trust that hard work from our employees will help provide more cars to more customers as early as possible."
promised his company would bounce back.
The March 11th twin disasters have already caused Toyota's monthly production to drop by 260-thousand cars.
Earlier this week, the company resumed production at all of its Japanese plants. However, operations are still at half capacity due to parts shortages.
Tian Congming, Vice GM Faw Toyota Motor Sales, said, "Our joint venture has a large output and many suppliers, so it is complicated. We are still assessing how severely Japan's disasters are affecting us. The situation could affect the auto market this year."
promised his company would bounce back.
The Guangzhou Toyota Motor Corporation is also concerned about the problem.
Feng Xingya, Vice Exec. Manager of Guangzhou Toyota Motor Corp., said, "Prospects are not too optimistic for global auto parts suppliers. It's still too early to make a judgment on the impact to our business from the disasters."
Japan's quake and tsunami-hit areas were also major manufacturing hubs for electronic chips used in automobiles. Many auto makers are now finding replacements.
This means it's not only Japanese automakers who are feeling the pinch. Many other carmakers from Asia, Europe and the US at the auto show said their production was at less than 40 percent.
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