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Toyota: June Global automobile production capacity will be restored to Qi Cheng
 

Toyota Motor Corporation president Akio Toyoda said recently that the company expects Toyota's automobile production capacity worldwide will be resumed in June 2011 to 70%. Earlier, Japan's earthquake in Toyota's parts supply resulted in a greater impact, Toyota factory in Japan and overseas due to parts shortage forced to reduce or stop production.

    In addition, Toyota also said it plans to release in mid-June 2011 fiscal year 2011 (April 2011 -2012 in March) earnings expectations. Toyota Motor Company announced before the fourth quarter of fiscal year 2010 (January-March 2011) earnings data, the quarter net profit of 254 billion yen (approximately equivalent to 314 million U.S. dollars), operating profit of 46.1 billion yen (approximately equivalent to 570 million U.S. dollars), down 77% year on year, respectively, and 52%.

    According to the Nikkei News reported that the Japanese auto maker Toyota might only two to three months out of the shadow of the earthquake in Japan 3.11, the auto parts supply is steady recovery, the company's automobile production capacity or before expected to return to normal levels.

    Toyota Motor Corporation Public Relations Department subsequently denied the news related to the Nikkei report, saying only that Toyota will do our best to resume automobile production capacity.

    It is reported that Toyota factories in Japan until June 3 to maintain only 50% of the vehicle output. Toyota has said it expects all of its factories need to wait until November or December to return to normal production levels.

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