Toyota said the shutdowns are also intended to give time to for the company to assess whether its employees and their families are okay.
Chris Oliver - MARKETWATCH
- March 12, 2011
Toyota Motor and other Japanese automotive giants will idle all or most domestic production facilities on Monday and potentially throughout much of the week as they gauge the impact of Friday’s earthquake and problems in procuring components for assembly lines.
Toyota Motor Corp. will shut production at all 12 of its Japanese assembly plants, according to reports.
The shutdowns will affect five domestic assembly plants as well as those operated by subsidiaries, according to a report by Kyodo on Saturday. Many of the automaker’s affiliated parts-producers will also shutter production, reports said.
Toyota said the shutdowns are also intended to give time to for the company to assess whether its employees and their families are okay. ... [Read More]