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(Nabbed from Weekly News Roundup: Toyota Motor Corporation (NYSE:TM))
30 March: Toyota has asked U.S. dealers to limit replacement-parts orders from Japan. As the supplies of some components from Japan is expected to be disrupted, Toyota Motor Corporation (NYSE:TM) has asked the US dealers to limit their replacement-parts orders. Toyota Motor Corporation (NYSE:TM) said in an email statement that, “Damage sustained by certain Japanese parts suppliers will interrupt their normal production.” As the Japanese plants have not yet recovered from the quake, the production is expected to be affected for another few weeks. 31 March Analysts have said that Toyota may lose 500,000 units of output due to the Japanese quake. All manufacturers are suffering the aftermath of the Japanese earthquake, and production has been greatly affected. The latest reports from analysts at Advanced Research, Japan, says Toyota Motor Corporation (NYSE:TM) may delay the production of at least 500,000 vehicles because of electricity issues and a shortage of parts in the wake of the earthquake. 1 April Toyota has announced a price hike in the United States. The largest car maker said in an official statement that the prices of most of the cars and trucks sold in the United States will be increased by 2.2 percent from the first of May onwards. It was reported that the price changes vary from $200 to $900 depending on the model. The Toyota Motor Corporation (NYSE:TM) plants in Japan have still not become fully functional after the quake on March 11, and this latest announcement should encourage people who are in the process of weighing a purchase to get in before the deadline. |
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